Lodging Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/20/2024
SIC Codes: 7011, 7021, 7032, 7033, 7041
NAICS Codes: 721
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 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 hospitality market is expected to reach over $6 trillion in 2026 at a compound annual growth rate (CAGR) of 10.2%, according to the Business Research Company. The growth is due to the economic recovery from the COVID-19 impact. In 2020, Asia Pacific was the largest region in the market, with Europe being the highest region with revenue per room, according to Market Data Forecast.

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 50 largest companies account for about 40% of revenue.


Major revenue sources for the industry include room or unit accommodation, ...

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