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Bed & Breakfast & Hostel Accommodations in the US: Market Research Report

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

Bed & Breakfast & Hostel Accommodations Market Research Report | NAICS 72119 | Mar 2017

Making room: The industry will benefit from an increase in the number of domestic and international travelers

IBISWorld’s Bed & Breakfast & Hostel Accommodations market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
2.4%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
26,809
Businesses
7,780
Industry Threats & Opportunities
  • Customers are expected to travel more frequently as the economy continues to improve
  • Inbound trips by non-US residents have outpaced domestic trips by US residents
  • The continued popularity of Airbnb is expected to increase industry competiton
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Industry Analysis & Industry Trends

The Bed and Breakfast and Hostel Accommodations industry has benefited over the five years to 2017 from the rebounding economy. Driven by an increase in travel rates and spending, which has positively impacted all travel industries, demand for bed and breakfast and hostel accommodation has risen steadily since 2012. Over the five years to 2022, industry revenue is forecast to increase albeit at a slightly slower rate than during the previous period. The internet has become the main platform for small accommodation providers to advertise, and those with a superior online presence are more likely to succeed over the next five years. The industry is likely to benefit from increased internet penetration rates over the next five years... ... purchase to read more

Industry Report - Industry Products Chapter

Bed and breakfasts

The bed and breakfast (B&B) segment covers various types of establishments and makes 69.0% of industry revenue in 2017. Homestay, farm stay or host homes, where guests share rooms and facilities with owners, are included within this segment. There are also home B&Bs, which provide a secondary source of revenue to the owner's primary income and can be homes with four of five rooms converted to provide B&B services to guests. B&B inns or hotels are usually established as businesses to provide primary financial support for owner/operators. Breakfast is the only meal served to guests and the majority of establishments can provide accommodations for between two and 30 guests. These establishments are often used for small weddings or business meetings.

.. ... purchase to read more

Additional Insights for the Bed & Breakfast & Hostel Accommodations Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bed & Breakfast & Hostel Accommodations Industry are

  • Market research and understanding
  • Development of a symbiotic relationship with another industry
  • Must have license
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Domestic trips by US residents in the Bed & Breakfast & Hostel Accommodations industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Bed & Breakfast & Hostel Accommodations Industry?

    This industry comprises establishments that are primarily engaged in providing short-term lodging. Excluded from this industry are except hotels, motels and casino hotels.

    Industry Products
    Bed & BreakfastOther (including hostels)
     
    Industry Activities
    Operating bed and breakfast inns Cabins, housekeeping Cottages, housekeeping Operating guest houses Operating hostels Operating tourist homes Operating youth hostels


    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
  • Consumer spending
  • Domestic trips by US residents
  • Consumer Confidence Index
  • Inbound trips by non-US residents
  • Current Performance
  • Technology helps and hinders
  • Traveler profiles
  • Industry structure
  • Chart: Revenue Growth
  • Industry Outlook
  • Trends promoting growth
  • Headwinds slow revenue growth
  • Players, people and profit
  • Table: Bed & Breakfast & Hostel Accommodations Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bed & Breakfast & Hostel Accommodations Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Caterers
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Travel Agencies
  • Wine & Spirits Wholesaling
  • Products & Services
  • Bed & Breakfast
  • Other (including hostels)
  • Chart: Bed & Breakfast & Hostel Accommodations Industry Products and Services Segmentation
  • Demand Determinants
  • Domestic travel
  • International tourism
  • Traveler profiles
  • Major Markets
  • Vacation travelers
  • Family travelers
  • Business travelers
  • Other (including meetings)
  • Chart: Major Market Segmentation for the Bed & Breakfast & Hostel Accommodations Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Bed & Breakfast & Hostel Accommodations
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bed & Breakfast & Hostel Accommodations Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bed & Breakfast & Hostel Accommodations 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 Bed & Breakfast & Hostel Accommodations 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 (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Backpacker Hostel
  • A low-cost accommodation with shared facilities for guests.
  • Bed And Breakfast (B&B)
  • An establishment offering bed and breakfast services, usually on a small scale and within a unique environment.
  • Hostel
  • An establishment, including backpacker and youth hostels, with dorms and some single rooms.

  • 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 Bed & Breakfast & Hostel Accommodations:
    • 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 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 Bed & Breakfast & Hostel Accommodations 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 Bed & Breakfast & Hostel Accommodations, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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