Hotels & Motels in the US - Industry Market Research Report

Hotels & Motels in the US - Industry Market Research Report

  • April 2021 •
  • 57 pages •
  • Report ID: 199184 •
  • Format: PDF
Far from home: Foreign markets are expected to detract from domestic investment

Abstract

Hotels & Motels in the US
Despite being highly susceptible to changes in the global economic environment, the Hotels and Motels industry has experienced robust growth over the five years to 2019. Increases in travel spending, corporate profit and general consumer spending have driven industry revenue growth in each year of the period. However, rising external competition has increased pressures on many hotel and motel operators, leading to competitive room rates. Over the five years to 2024, IBISWorld projects that the industry will continue to expand at a more moderate pace, with particularly strong growth in the extended-stay hotels, boutique hotels, spa and health retreats and resorts segments.

Operators in this industry provide short-term lodging in hotels, motor hotels (motels) and resort hotels. Operators 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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