No vacancy: Higher tourism rates will bolster revenue for the industry
Hotels & Motels in Florida
Over the five years to 2017, the Hotels and Motels industry in Florida has experienced steady growth, primarily thanks to robust gains in overall tourism participation throughout the state. Increases in corporate profit, domestic travel and consumer spending, as well as consistent increases in international travel, have enabled industry revenue growth in every year since 2012. Though increased development suggests the prospect of oversupply, continued rises in domestic and international tourism, as well as increased business activity in the central and southern regions of Florida, are expected to bolster industry demand going 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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Marriott International Inc.
- Hilton Worldwide Holdings Inc.
- InterContinental Hotels Group PLC
- Wyndham Destinations Inc.
Methodology
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