Suite dreams: Continued rises in domestic and international tourism are expected to bolster industry demand

The Hotels and Motels industry in Texas has experienced relatively steady revenue growth over the five years to 2017. Amid continuing gains in consumer spending, a rising Consumer Confidence Index and favorable population growth from both domestic and international migration patterns, which has attracted a larger amount of business and group travel to the state, Texas has particularly benefited from continued gains in domestic and international travel. Over the five years to 2022, the industry is expected to continue growing at a slightly accelerated rate, suggesting that major tourist destinations, such as Houston and Austin, are anticipated to continue expanding...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
1.8%
Forecast Growth 17-22
Profit
Employment
121,290
Businesses
11,524

Industry Threats & Opportunities

  • Major tourist destinations, such as Houston and Austin, are anticipated to continue expanding
  • Corporate relocations have increased in the state’s major metropolitan areas, increasing business activity
  • The industry is expected to benefit from increasing economic stability
  • Industry Report - Industry Locations Chapter

    The industry is generally spread according to share of population and economic activity but also according to a city's, region's or state's share of domestic and international visitor travel as a business or pleasure destination. The proportion of hotel and motel establishments in a particular state or region is also driven by the attractions it offers, particularly those of international significance or with international recognition. Lastly, industry establishment locations are also contingent on the size and location of major industrial, financial and commercial centers for business or conference and convention travelers. Past migration patterns to the United States are also an important driver for travel and accommodations related to visiting friends and relatives...purchase to read more.

    Additional Insights for the Hotels & Motels in Texas Industry

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

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    What's in this report

    What is the Hotels & Motels in Texas 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 more than 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

    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 Texas

  • Current Performance
  • Tourism Demographics
  • Room for growth
  • Industry composition
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry rides the wave of the growing economy
  • Possible roadblocks remain
  • Table: Hotels & Motels in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hotels & Motels in Texas 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
  • Other services (meals for catered events, laundry services, parking)
  • Meals, nonalcoholic drinks and other items for immediate consumption
  • Guest room rentals from properties with more than 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 Texas Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    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 in Texas

  • Basis of Competition
  • Internal competition
  • External competition

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

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

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