Hotels, Motels & Resorts

First Research, Inc.
October 27, 2014
10 Pages - SKU: FRRS5362715
Countries covered: United States

Hotels, Motels & Resorts

Brief Excerpt from Industry Overview Chapter:

Companies in this industry operate short-term lodging facilities, including hotels, motels, and resort hotels. Major companies include Hilton, Hyatt, Marriott, Starwood, and Wyndham (all based in the US), as well as Accor (France), InterContinental (UK), and NH Hotel Group (Spain).

The global hotel industry generates about $480 billion in revenue per year, according to Euromonitor International. The most popular travel destinations include the US, Spain, France, China, and Italy. Growth is expected to come from several Asia/Pacific countries, led by Japan and Thailand.

The US hotel, motel, and resort industry consists of about 40,000 companies that operate about 53,000 properties with combined annual revenue of about $160 billion. The industry does not include casino hotels and resorts, which are covered in the Gambling industry profile.

COMPETITIVE LANDSCAPE

Business and tourist travel drive demand. Both are affected by the strength of the economy. The profitability of individual companies depends on efficient operations, because many costs are fixed, and on effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies, such as boutique hotels, can compete effectively in favorable locations and by providing specialty services. The US industry is fragmented: the 50 largest companies generate about 45 percent of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major industry product lines are room fees (about 75 percent of industry revenue) and sales of food, alcoholic drinks, and merchandise.

Basic operations of hotels and...



More Hotels & Lodging reports by First Research, Inc.

Bed & Breakfast Inns by First Research, Inc.
Bed & Breakfast InnsBrief Excerpt from Industry Overview Chapter:Companies in this industry provide short-term lodging in private homes or small buildings converted to hotels; full ...
See all reports like this >>

More United States Hotels & Lodging reports

Travel and Tourism in the US to 2018 by Travel & Tourism Intelligence Centre
Travel and Tourism in the US to 2018 Summary The US is the largest global market in terms of inbound tourist expenditure, which ...
United States Tourism Report Q1 2015 by Business Monitor International
United States Tourism Report Q1 2015BMI View: The Q1 2015 US tourism reports highlights our positive view of the industry, which is benefitingfrom strong fundamentals ...
Bed & Breakfast Inns by First Research, Inc.
Bed & Breakfast InnsBrief Excerpt from Industry Overview Chapter:Companies in this industry provide short-term lodging in private homes or small buildings converted to hotels; full ...
Marx – East Elmhurst Marriott Hotel – New York - Construction Project Profile by World Market Intelligence
Marx – East Elmhurst Marriott Hotel – New York - Construction Project ProfileSynopsisThe "Marx – East Elmhurst Marriott Hotel – New York" contains information on ...
See all reports like this >>

More United States reports

The 2013-2018 Outlook for Collagen and (hyaluronic Acid) HA-Based Biomaterials in the United States by Icon Group International, Inc.
The 2013-2018 Outlook for Collagen and (hyaluronic Acid) HA-Based Biomaterials in the United StatesThis econometric study covers the latent demand outlook for collagen and (hyaluronic ...
The 2013-2018 Outlook for Relish in the United States by Icon Group International, Inc.
This econometric study covers the latent demand outlook for relish across the states and cities of the United States. Latent demand (in millions of U.S. ...
See all reports like this >>

 

SELECT A LICENSE

    Online Download  USD 129  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!