Hotels, Motels & Resorts Industry Profile

View Full Sample Add To Cart

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 hotel industry generates more than $570 billion in revenue per year, according to Statista. The most popular travel destinations include France, Spain, the US, China, and Italy. Fast-growing international tourism markets include Japan, Thailand, New Zealand, and Chile. Emerging markets 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 53,978 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $180 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 ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu
Add To Cart

Focus Profiles

Complement this Industry Profile by purchasing a Focus Profile. Hotels, Motels & Resorts has one Focus Profiles that can help you better understand this industry:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options