Bed & Breakfast & Hostel Accommodations in the US
The Bed and Breakfast and Hostel Accommodations industry has benefited over the five years to 2018 from a growing economy. Driven by an increase in travel rates and spending during the five-year period, which has positively affected all travel industries, demand for bed and breakfast and hostel accommodation has risen steadily. With the rise of websites like Airbnb that let people rent out their lodging, small businesses that specialize in providing less costly or more personalized alternatives to hotels have contended with increasing competition. Airbnb now has more than 2.0 million accommodation listings around the world. This rapid growth has constrained industry growth over the past five years. The internet has become the main platform for small accommodation providers to advertise, and those with a superior online presence are more likely to succeed. The industry is likely to benefit from increased internet penetration rates over the next five years to 2023.
This industry comprises establishments that are primarily engaged in providing short-term lodging. Excluded from this industry are hotels, motels and casino hotels.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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