Hotels, Motels & Resorts Industry Profile

Companies in this industry are engaged in providing short-term lodging in facilities known as hotels, motor hotels, resort hotels, and motels. Major companies include Choice Hotels, Hilton, Hyatt, Marriott International, and Wyndham (all based in the US), as well as Accor (France); IHG Hotels & Resorts and Whitbread (both based in the UK); Jin Jiang International (China); and NH Hotel Group (Spain).

The global revenue for hotel industry is forecast to reach about $500 billion by 2029, according to Statista. The most popular travel destinations include France, the US, Italy, and Turkey, according to the United Nations World Tourism Organization (UNWTO).

The US hotel, motel, and resort industry consists of about 55,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $185 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 more favorable contracts with third-party ...