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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 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
$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 Products Chapter

General contracting

Companies operating in the Hotel Construction industry primarily provide contracting services, such as new work, additions, alterations, maintenance and repairs for hotel and motel facilities. General contracting is estimated to account for about 64.2% of industry revenue in 2016. Typically, construction firms obtain contracts through tendering, or quoting a price to the property developer. Contracts usually require the general contractor to oversee all aspects of the project, including quantity surveying, material purchases, skilled labor and subcontractor recruitment, and construction. The general contractor is expected to consult with project architects, financial providers and building regulators... 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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