Hotels, Motels & Resorts Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/3/2024
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 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 $480 billion by 2027, according to Statista. The most popular travel destinations include France, Germany, and Italy, as well as Qatar, India, and Saudi Arabia, 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.


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 ...

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