Overview

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

IBISWorld’s Industry Market Report on Hotels & Motels in New York is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry has improved from demand for hotel rooms outpacing supply, increasing revenue
  • The industry has benefited from the widespread proliferation of the internet
  • The industry will benefit from improvements in the domestic and global economy

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    Industry Analysis & Industry Trends

    While the Hotels and Motels industry in New York 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 of the current period, as the economy improved and domestic and international travel rates increased. As a result, the Hotels and Motels industry has outperformed the broader economy over the past five years, driven by a combination of high demand from leisure and business travelers and international tourists...

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    Industry Report - Industry Investment Chapter

    The Hotels & Motels industry is subject to a moderate-to-high level of capital intensity. For every $1.00 the average hotel in the industry spends on wages in 2017, it will spend an estimated $0.37 on the use and replacement of capital. Both labor and capital play an important role in the industry.

    As a service-based industry, hotel and resort operators are highly dependent on direct labor input across all areas of operation, from front-desk service, reservations, room service and cleaning, food preparation, liquor and beverage service and back-of-house operational management. Due to the service nature of the industry, many of these labor-intensive functions cannot be substituted by technology or machinery. To ..

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    Additional Insights for the Hotels & Motels in New York Industry

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

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    Industry Products

    What is the Hotels & Motels in New York 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
  • Inbound trips by non-US residents
  • Consumer Spending in New York

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

  • Industry Outlook
  • Economic growth to boost demand
  • People and profit
  • Table: Hotels & Motels in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hotels & Motels in New York 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
  • Other services (meals for catered events, laundry services, parking)
  • Alcoholic beverages served for immediate consumption
  • Conference room and venue space rentals for events
  • Chart: Hotels & Motels in New York 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 New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Hotels & Motels in New York

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Major Companies
    Marriott International Inc.Hilton Worldwide Holdings Inc.InterContinental Hotels Group PLCWyndham Worldwide Corporation
  • Table: Marriott International Inc. - financial performance
  • Table: Hilton Worldwide Holdings Inc. - financial performance
  • Table: InterContinental Hotels Group PLC - financial performance
  • Table: Wyndham Worldwide Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hotels & Motels in New York 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 in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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 in New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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