Hotels & Motels in Texas
The Hotels and Motels industry in Texas has experienced relatively steady revenue growth over the five years to 2017. Amid continuing gains in consumer spending, a rising Consumer Confidence Index and favorable population growth from both domestic and international migration patterns, which has attracted a larger amount of business and group travel to the state, Texas has particularly benefited from continued gains in domestic and international travel. Over the five years to 2022, the industry is expected to continue growing at a slightly accelerated rate, suggesting that major tourist destinations, such as Houston and Austin, are anticipated to continue expanding. Continued rises in domestic and international tourism, as well an overall increase in the number of businesses, are expected to bolster industry demand for both leisure and business travel moving forward.
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.
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