Hotels & Motels in Massachusetts
Over the past five years, the Hotels and Motels industry in Massachusetts has experienced strong growth, as overall tourism has continued to rise throughout the state, alongside growth in overall business visitation. Furthermore, steady growth in international and domestic travel, corporate profit and consumer spending have enabled industry revenue to grow every year over the period. As a result, the industry has outperformed both the broader state economy and the overall sector over the five-year period. Over the next five years, revenue growth is expected to slow amid rising competition. The continued rise of Airbnb and the role of the internet in traveler accommodation is expected to pressure industry revenue downward.
Operators in this industry provide short-term lodging in hotels, motor hotels (motels) and resort hotels. Establishments may also offer food and beverage services, recreational services, conference room and convention services, laundry services, parking and other services. This industry excludes hotels that have casino facilities attached.
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.