Overview

Making room: Heightened travel rates will bolster revenue for the industry

The Hotels & Motels market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry has improved due to high demand from leisure and business travelers and international tourists
  • The industry has benefited from the widespread proliferation of the internet
  • The industry will benefit from improvements in the domestic and global economy

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    While the Hotels and Motels industry is highly susceptible to changes in the global economic environment, the industry has experienced robust growth over the five years to 2017. Thanks to increases in travel spending, corporate profit and consumer spending, industry revenue has grown every year since 2012, as the economy improved and domestic and international travel rates increased. Over the five years to 2022, IBISWorld projects that the industry will continue expanding, albeit at a more moderate pace, with particularly strong growth in the extended-stay hotels, boutique hotels, spa and health retreats and resorts segments...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry SWOT Analysis Chapter

    The Hotels and Motels industry is in the mature phase of its life cycle. As the industry is heavily dependent on tourism and aggregate consumption levels, overall increases in these drivers of demand have contributed to steady revenue growth over the long term. Over the 10 years to 2022, industry value added (IVA), which measures an industry’s contribution to GDP, is forecast to grow at an annualized rate of 3.0%, above annualized GDP growth of 2.0% over the same period.

    Domestic travel growth is expected to continue over the next five years, although at a slower rate than international tourism, due to businesses’ travel needs and consumers’ increased leisure time and income. The..

    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Hotels & Motels Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hotels & Motels Industry are

  • Access to multiskilled and flexible workforce
  • Being part of a franchising chain
  • Receiving the benefit of word-of-mouth recommendations
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Consumer Confidence Index in the Hotels & Motels industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Hotels & Motels Industry?

    Operators in this industry provide short-term lodging in hotels, motor hotels (motels) and resort hotels. Establishments may also offer food and beverage services, recreational services, conference room and convention services, laundry services, parking and other services. This industry excludes hotels that have casino facilities attached.

    Industry Products
    Guest room rentals from properties with under 75 rooms
    Guest room rentals from properties with between 75 and 299 rooms
    Guest room rentals from properties with between 300 and 500 rooms
    Guest room rentals from properties with over 500 rooms
    Alcoholic beverages served for immediate consumption
    Meals, nonalcoholic drinks and other items for immediate consumption
    Conference room and venue space rentals for events
    Other services (meals for catered events, laundry services, parking)
    Industry Activities
    Operating short-term hotels
    Operating short-term motor hotels
    Operating short-term resort hotels
    Operating short-term motels

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Consumer Confidence Index
  • Consumer spending
  • Inbound trips by non-US residents

  • Current Performance
  • Comeback time
  • Technological change and growth
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Economic growth to boost demand
  • Investment abroad grows
  • People and profit
  • Table: Hotels & Motels Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hotels & Motels Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • International Airlines
  • Domestic Airlines
  • Travel Agencies
  • Tour Operators
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Computer & Packaged Software Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Fruit & Vegetable Wholesaling
  • Furniture Stores
  • TV & Appliance Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • Guest room rentals from properties with between 75 and 299 rooms
  • Guest room rentals from properties with under 75 rooms
  • Meals, nonalcoholic drinks and other items for immediate consumption
  • Guest room rentals from properties with over 500 rooms
  • Guest room rentals from properties with between 300 and 500 rooms
  • Conference room and venue space rentals for events
  • Alcoholic beverages served for immediate consumption
  • Other services (meals for catered events, laundry services, parking)
  • Chart: Hotels & Motels Industry Products and Services Segmentation

  • Demand Determinants
  • Domestic travel
  • Business travel
  • International tourism

  • Major Markets
  • Domestic leisure travelers
  • International leisure travelers
  • Business travelers
  • Meeting, events and incentive travelers
  • Chart: Major Market Segmentation for the Hotels & Motels Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Hotels & Motels

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hotels & Motels Industry

  • Industry Globalization
    Major Companies
    Marriott International Inc.Hilton Worldwide Holdings Inc.InterContinental Hotels Group PLC
  • Table: Marriott International Inc. - financial performance
  • Table: Hilton Worldwide Holdings Inc. - financial performance
  • Table: InterContinental Hotels Group PLC - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hotels & Motels Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hotels & Motels Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Domestic Trips by US Residents (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Computer Reservation Systems (Crs)
  • Computerized systems used to store and retrieve information and conduct transactions related to travel.
  • Revenue Per Available Room (Revpar)
  • A measurement that is calculated by multiplying a hotel's average daily room rate by its occupancy rate.
  • Room Rate
  • Actual published room tariffs.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hotels & Motels:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hotels & Motels market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hotels & Motels, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear