Lodging Industry Profile

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Excerpt from Lodging Industry Profile

Companies in this industry operate hotels, motels, resorts, casino hotels, and bed and breakfast inns, along with RV parks, recreational camps, and rooming and boarding houses. Major companies include Hilton, Las Vegas Sands, Marriott International, and MGM Resorts (all based in the US), as well as Accor (France), IHG Hotels & Resorts (UK), and SJM Holdings (Hong Kong).

The global hotel industry market is expected to reach a valuation of around $211.5 billion by 2026, according to Zion Market Research. Increasing travel to the Asia/Pacific region, Latin America, and North America is driving global growth in the lodging industry. Europe is the world’s top market for international tourism spending, followed by Asia/Pacific and the Americas.

The US lodging industry consists of about 70,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $260 billion.


Business and leisure travel drive demand. Strength of the economy affects these factors. The profitability of individual companies depends on efficient operations and effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies can compete by offering personalized service and a unique customer experience. The US industry is fragmented: the top 50 companies account for about 45% of revenue.


Major industry product lines and services are hotels including (70% of revenue) hotel room fees, meeting room and conference facility ...

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