Research and Markets: Hotel and Motel - Lodging in the US: Industry Consists Of About 40,000 Companies With Combined Annual Revenue of About $100 Billion (United States)
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Research and Markets: Hotel and Motel - Lodging in the US: Industry Consists Of About 40,000 Companies With Combined Annual Revenue of About $100 Billion (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy -
Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2010-10-15
Research and Markets (http://www.researchandmarkets.com/research/61d4c4/hotel_and_motel) has announced the addition of the "Hotel and Motel - Lodging" report to their offering.
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Executive Summary
Brief Excerpt from Industry Overview Chapter:
The US hotel and motel industry consists of about 40,000 companies that operate about 48,000 properties, with combined annual revenue of about $100 billion. Large US companies include Marriott International, Hilton Hotels, Carlson Hotels, and Starwood Hotels & Resorts. The industry is fragmented: the 50 largest companies generate about 45 percent of revenue.
This industry does not include casino hotels, which are covered in the Gambling Operations industry profile, or bed and breakfast inns, which are covered in their own industry profile. Also not included in the hotel and motel industry are youth hostels, housekeeping cabins and cottages, or tourist homes.
COMPETITIVE LANDSCAPE
Business and tourist travel drive demand. Both are affected by the strength of the economy. The profitability of individual companies depends on efficient operations, because many costs are fixed, and on effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies, such as boutique hotels, can compete effectively in favorable locations and by providing specialty services. The industry is labor-intensive: average annual revenue per employee is about $85,000.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major industry product lines are room fees and sales of food, alcoholic drinks, and merchandise. Room fees account for 70 percent of industry revenue, food for 15 percent, and alcohol for 5 percent.
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