Hotels, Motels & Resorts Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/21/2017
SIC Codes: 7011
NAICS Codes: 72111
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Hotels, Motels & Resorts Industry Profile

Companies in this industry operate short-term lodging facilities, including hotels, motels, and resort hotels. Major companies include Choice Hotels, Hilton, Hyatt, Marriott, and Wyndham (all based in the US), as well as Accor (France), InterContinental Hotels Group (UK), Jin Jiang Hotels (China), NH Hotel Group (Spain), and Whitbread (UK).

The global hotel industry generates more than $500 billion in revenue per year, according to Statista. The most popular travel destinations include France, the US, Spain, China, and Italy. Fast-growing international tourism markets include Japan, Thailand, Hungary, and Myanmar. Emerging regions are expected to drive worldwide tourism industry growth over the next 15 years, led by the Asia/Pacific region.

The US hotel, motel, and resort industry consists of about 40,000 companies that operate about 54,000 properties with combined annual revenue of about $190 billion. The industry does not include casino hotels and resorts, which are covered in a separate profile.

COMPETITIVE LANDSCAPE

Hotels, motels, and resorts are benefiting from global increases in tourist travel, but the incursion of short-term rental services such as Airbnb is disrupting the industry in markets around the world. Online travel agencies like Expedia have also influenced the competitive dynamic of the US industry by siphoning off revenue in the form of commissions that hotels must pay on each booking. Both of these trends disproportionately affect large hotel chains, which are fighting for stricter regulation of private rentals while negotiating ...

 
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