Extended stay: The industry has continued to grow, taking advantage of continued tourism

The Hotels and Motels industry in Colorado has steadily grown over the five years to 2018, taking advantage of continued tourism throughout the state. Increased state spending on tourism promotion has benefited this industry as more domestic travelers flock to Colorado to take advantage of the state's wonderful outdoor landscape. Home to a section of the Rocky Mountains, Colorado offers many outdoor activities, including skiing, kayaking, hiking and more, making it the perfect travel destination for outdoor enthusiasts. Over the five years to 2018, the number of domestic trips taken by US residents has increased an annualized 3.3%, helping Colorado break state-wide tourism records in 2017, when it hosted over 84.7 million domestic travelers...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
2.6%
Forecast Growth 18-23
Profit
Employment
46,037
Businesses
1,302

Industry Threats & Opportunities

  • The state’s tourism economy will continue to benefit from tourism promotion, despite increasing levels of market saturation
  • Additional Insights for the Hotels & Motels in Colorado Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hotels & Motels in Colorado 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 Spending in Colorado in the Hotels & Motels in Colorado industry impact industry performance..

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    What's in this report

    What is the Hotels & Motels in Colorado Industry?

    Operators in the Hotels and Motels industry in Colorado 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
  • Room or unit accommodation for travelers and others
  • Alcoholic beverages
  • Meals prepared for immediate consumption
  • Meals prepared for catered events
  • Ski facility services
  • Industry Activities
  • Operating short-term hotels
  • Operating short-term motor hotels
  • Operating short-term resort hotels
  • Operating short-term motels
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Consumer Spending in Colorado
  • Consumer Confidence Index
  • Inbound trips by non-US residents
  • External competition for the Hotels and Motels Industry

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hotels & Motels in Colorado Industry Lifecycle vs The Economy

  • 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
  • Room or unit accommodation for travelers and others
  • Other
  • Meals prepared for immediate consumption
  • Ski facility services
  • Meals prepared for catered events
  • Alcoholic beverages
  • Chart: Hotels & Motels in Colorado Industry Products and Services Segmentation

  • Major Markets
  • Domestic leisure travelers
  • Business travelers
  • International leisure travelers
  • Chart: Major Market Segmentation for the Hotels & Motels in Colorado Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Hotels & Motels in Colorado

  • Basis of Competition
    Barriers to Entry
    Marriott International Inc., Hilton Worldwide Holdings Inc., InterContinental Hotels Group PLC, Wyndham Worldwide,
  • Table: Marriott International Inc. - financial performance
  • Table: Hilton Worldwide Holdings Inc. - financial performance
  • Table: InterContinental Hotels Group PLC - financial performance
  • Table: Wyndham Worldwide - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hotels & Motels in Colorado Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Domestic Trips by US Residents (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    The Hotels & Motels in Colorado industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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 in Colorado:
    • 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 in Colorado 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 in Colorado, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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