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 Locations Chapter
The Hotel Construction industry's establishments are distributed across the United States largely according to population and economic activity. The location of hotel construction establishments is closely tied to a city's, region's or state's share of domestic and international visitor travel, as business or leisure travel destinations can determine the location of hotels and motels.
The proportion of hotel and motel establishments in a particular state of region is typically driven by the attractions it offers, particularly those with international significance or recognition, such as the Grand Canyon, Disneyland, Las Vegas and Hollywood... purchase to read more