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Hotels & Motels in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hotels & Motels Market Research Report | NAICS 72111 | Nov 2016

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 Statistics & Market Size
Revenue
$169bn
Annual Growth 11-16
4.3%
Annual Growth 16-21
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Profit
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Employment
1,617,094
Businesses
90,004
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 2016. Thanks to increases in travel spending, corporate profit and consumer spending, industry revenue has grown every year since 2011, 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... purchase to read more

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 2016, it will spend an estimated $0.39 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 .. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 roomsGuest room rentals from properties with between 75 and 299 roomsGuest room rentals from properties with between 300 and 500 roomsGuest room rentals from properties with over 500 roomsAlcoholic beverages served for immediate consumptionMeals, nonalcoholic drinks and other items for immediate consumptionConference room and venue space rentals for eventsOther services (meals for catered events, laundry services, parking)
 
Industry Activities
Operating short-term hotelsOperating short-term motor hotelsOperating short-term resort hotelsOperating short-term motels


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