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Hotel Construction in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hotel Construction Market Research Report | Specialist Engineering, Infrastructure & Contractors | Commercial & Institutional Buildings | Apr 2013

Building up: Recovering incomes and tourism rates will strengthen demand for hotels

IBISWorld’s Hotel Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 08-13
-20.5%
Annual Growth 13-18
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Profit
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Employment
39,091
Businesses
2,010
Industry Analysis & Industry Trends

During the recession, occupancy rates fell, and hotels and motels shelved expansion plans and delayed openings, resulting in lower underlying demand for contractors specializing in hotel and motel construction. Occupancy rates and room rates have increased steadily since then, which has helped underpin rising demand for hotel expansions and new construction. As disposable incomes rise and consumers return to spending on hotel stays, demand for construction work on hotels and motels will continue to expand due to rising occupancy rates at existing accommodations.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Hotel Construction industry is in the mature stage of its industry life cycle. In the 10 years to 2018, industry value added, which measures the industry's contribution to the overall economy, is forecast to decline at an average annual rate of 3.3%. By contrast, GDP is projected to rise at an annualized rate of 2.1% over the same time period. Although industry value added has declined, this is largely due to the boom-and-bust cycle characteristic of the real estate market, with its sharp downturn during the recession. However, over the next five years, industry value added is forecast to increase on average 8.4%, easily outpacing GDP growth during the same period... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotel Construction Industry?

This industry includes operators that engage in new work, additions and reconstruction projects for accommodation establishments. This activity includes commercial construction projects for hotels, motels, resorts and related structures.

Industry Products
General contractingRenovationsConstruction management servicesOther nonbuilding construction servicesSpecialty services
 
Industry Activities
Luxury hotel constructionUpper-upscale hotel construction Upscale hotel constructionUpper-midscale hotel construction Midscale hotel construction Economy hotel construction Independent hotel construction


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