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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 | Feb 2015

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

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
$20bn
Annual Growth 10-15
9.6%
Annual Growth 15-20
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Profit
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Employment
237,493
Businesses
815
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 Investment Chapter

The Hotel Construction industry has a low level of capital intensity. IBISWorld estimates that the average operator spends $0.02 in capital investment for every $1.00 spent on wages. The hotel construction process as a whole is fairly capital intensive due to the heavy machinery and equipment used to build structures. The general contractor's capital expenses are, however, more limited as construction equipment can be rented or owned by subcontractors, who may incur heavier depreciation costs and have higher levels of capital intensity. Thus, despite in-house labor costs remaining very low over the past five years, subcontracted labor has accounted for a significant share of industry revenue... 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 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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