High stakes: Travel and consumer spending will pick up, driving demand for casinos
IBISWorld’s Casino Hotels market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
Industry Analysis & Industry Trends
Playing the cards right
During the recession, casino hotels experienced slowed demand and revenue as consumers reduced spending on traveling and gambling. While this trend is expected to reverse as the economy recovers, players will face increased competition from international casinos, online gaming and other gaming venues. Still, a wider acceptance of gambling will fuel the industry's recovery into the next five years... purchase to read more
Industry Report - Industry Investment Chapter
The capital intensity of the Casino Hotels industry is determined by the ratio of capital to labor costs. To calculate the ratio, wages and depreciation costs from the industry's overall cost structure are used as proxies. The ratio is calculated as 1:0.25. This implies that for every dollar spent on wages, about 25 cents is spent on the use and replacement of buildings and equipment. As such, this industry has a high labor intensity and medium capital intensity, despite the large amounts of capital invested in the original construction and subsequent extensions of casinos and hotels. The high labor content stems from high levels of personal service required in all areas of the casino and hotel operation... purchase to read more
What is the Casino Hotels Industry?
This industry comprises establishments primarily engaged in providing short-term lodging in hotel facilities with a casino on the premises. The casino on premises includes table wagering games and may include other gambling activities, such as slot machines and sports betting. These establishments generally offer a range of services and amenities, such as food and beverage services, entertainment, valet parking, swimming pools and conference and convention facilities.
Gaming tablesGambling machinesAccommodationsAdmissions to live performances
Providing short-term lodging in hotel facilities with a casino on the premises