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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 | Mar 2016

Building up: Rising disposable income and overall economic improvement will aid demand

IBISWorld’s Hotel Construction market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 11-16
15.5%
Annual Growth 16-21
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Profit
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Employment
11,017
Businesses
3,595
Industry Analysis & Industry Trends

In early 2012, the Hotel Construction industry began its recovery, led by building booms in New York and rising occupancy rates at hotels across the nation. In the years since, industry revenue has grown at a staggering pace, outgrowing the overall nonresidential construction sector and many of its subsectors. In coming years, the industry is poised to finish a strong, but slowing recovery. Rising disposable income as the economy continues to recover will underpin greater demand for accommodation services, resulting in increased expansion efforts for hotel and motel construction. Moreover, domestic travel within the United States is expected to accelerate, resulting in increased demand for hotels and motels.... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Hotel Construction industry exhibits low market share concentration, with the top four companies estimated to account for less than 10.0% of total industry revenue in 2016. The largest players are multinational general contractors (GCs) with the economies of scale and staff to take on massive, lucrative contracts for state-of-the-art structures. However, most industry participants are small-scale GCs that serve a narrow, local geographic region. While the industry's largest firms sometimes expand through mergers and acquisitions to gain market share, the prevailing model is to subcontract small and midsize firms when the project calls for it... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotel Construction Industry?

Operators and contractors in the Hotel Construction industry engage in new construction, addition, reconstruction and maintenance projects for accommodation establishments. These establishments range in size, but largely comprise hotels, motels, resorts and related structures.

Industry Products
General contractingRenovationsConstruction management servicesOther nonbuilding construction 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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