Accommodation - 2020 U.S. Market Research Report with Updated COVID-19 Forecasts
The 2020 Accommodation Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2011-2024.The report includes updated 2020, 2021, and 5-year forecasts due to the impact of COVID-19.
This Kentley Insights report includes historical and forecasted market size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, locations, employees, payroll, and much more.
The ludes companies primarily engaged in providing short-term lodging for travelers, vacationers and others. In addition to lodging, a range of other services may be provided. For example, many companies have restaurants, while others have recreational facilities. Lodging companies are classiﬁed in this subsector even if the provision of complementary services generates more revenues. Companies that operate lodging facilities primarily designed to accommodate outdoor enthusiasts, are also included in this subsector. These companies are characterized by the type of accommodation and by the nature and the range of recreational facilities and activities provided to their clients. Companies that manage short stay accommodation companies, such as hotels and motels, on a contractual basis are classiﬁed in this subsector if they provide both management and operating staff. These companies are classiﬁed according to the type of facility they manage.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
In 2019, industry sales were $243.7 billion
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Over the past 3 years, the industry has grown at an annual rate of 0%
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There are 55,309 companies in the industry
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SALES PER COMPANY
In 2019, the average sales per company was $4.4 million
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INFLATION & PRICING
2020 forecasted inflation is -1.5%
The report has historicals, 4 years of monthly figures, and the 5-year forecast
For unprofitable companies, the average net loss is -12.7%
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Employee productivity is $116,638
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4% of expenses is spent on health insurance
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In 2019, industry operating expenses grew 0.5%
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In 2019, payroll per employee was $29,079
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PAYROLL BY STATE
California averages $34,490 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
4.2% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $14.25
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The above stats represent a small fraction of what you will find in this report.
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