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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Analysis Chapter

The multibillion dollar Hotel Construction industry has faced severe challenges over the past five years. As the economy entered its worst downturn since the Great Depression, discretionary consumer spending and tourism levels declined sharply. Tightening lending criteria further reduced financing options for hotel expansions and construction. Consequently, hotels and motels shelved expansion plans and delayed openings, resulting in a sharp decrease in demand for construction contractors specializing in hotels and motels. Overall, in the five years to 2013, revenue for the Hotel Construction industry is expected to decline at an annualized rate of 20.5%, according to data from the US Census Bureau... 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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