Operators in this industry provide

Over the past five years, the Hotels and Motels industry in Massachusetts has experienced strong growth, as overall tourism has continued to rise throughout the state, alongside growth in overall business visitation. Furthermore, steady growth in international and domestic travel, corporate profit and consumer spending have enabled industry revenue to grow every year over the period. As a result, the industry has outperformed both the broader state economy and the overall sector over the five-year period. Over the next five years, revenue growth is expected to slow amid rising competition. The continued rise of Airbnb and the role of the internet in traveler accommodation is expected to pressure industry revenue downward...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
31,166
Businesses
1,435

Industry Threats & Opportunities

  • Business and leisure travel to the state will rise, benefiting the industry
  • Additional Insights for the Hotels & Motels in Massachusetts Industry

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

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    What's in this report

    What is the Hotels & Motels in Massachusetts 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 beverages and other food items prepared for imme
  • 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

    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 Confidence Index
  • Inbound trips by non-US residents
  • Consumer spending in Massachusetts

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hotels & Motels in Massachusetts 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
  • Guest room rentals from properties with between 75 and 299 rooms
  • Guest room rentals from properties with under 75 rooms
  • Meals, nonalcoholic beverages and other food items prepared for imme
  • Other services (meals for catered events, laundry services, parking
  • Guest room rentals from properties with over 500 rooms
  • Guest room rentals from properties with between 300 and 500 rooms
  • Alcoholic beverages served for immediate consumption
  • Conference room and venue space rentals for events
  • Chart: Hotels & Motels in Massachusetts Industry Products and Services Segmentation

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

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hotels & Motels in Massachusetts 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 Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (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?

    IBISWorld’s industry research report on Hotels & Motels in Massachusetts can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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

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