Bed & Breakfast & Hostel Accommodations in the US - Industry Market Research Report
Description
Bed & Breakfast & Hostel Accommodations in the US
Before the COVID-19 outbreak, interest in hostels and bed-and-breakfast lodgings grew substantially, bolstered by the expansions of both domestic and international travelers. Also, retirees and price-conscious millennials are the major demand drivers, leading to the growth of hostels nationwide. Nonetheless, the industry contended with challenges stemming from the pandemic in 2020, which caused travel rates to decline drastically. Overall, industry revenue grew at a CAGR of 3.5% to $2.9 billion through 2023, including 11.5% growth in 2023 alone.
The Bed and Breakfast and Hostel Accommodations industry comprises businesses that are primarily engaged in providing short-term lodging. Hotels, motels and casino hotels are excluded from this industry.
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."
Before the COVID-19 outbreak, interest in hostels and bed-and-breakfast lodgings grew substantially, bolstered by the expansions of both domestic and international travelers. Also, retirees and price-conscious millennials are the major demand drivers, leading to the growth of hostels nationwide. Nonetheless, the industry contended with challenges stemming from the pandemic in 2020, which caused travel rates to decline drastically. Overall, industry revenue grew at a CAGR of 3.5% to $2.9 billion through 2023, including 11.5% growth in 2023 alone.
The Bed and Breakfast and Hostel Accommodations industry comprises businesses that are primarily engaged in providing short-term lodging. Hotels, motels and casino hotels are excluded from this industry.
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."
Table of Contents
40 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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