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Accommodation and Food Services in the US - Industry Market Research Report

  • ID: 4591408
  • Report
  • November 2019
  • Region: United States
  • 42 pages
  • IBISWorld
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Enjoy your stay: Rising consumer spending and corporate profit will feed sector revenue growth

FEATURED COMPANIES

  • Darden Restaurants Inc.
  • McDonald's Corporation
  • Starbucks Corporation
  • Yum! Brands Inc.
  • MORE

Accommodation and Food Services in the US

Operators in the Accommodation and Food Service sector provide consumers with basic lodging accommodations and preparing meals or other food services when they are away from home. This sector comprises 15 different industries within the US economy, encompassing all aspects of accommodation providers and food services operators. Despite basic commonalities, there are starkly different levels of service provided throughout the subsequent industries. Over the past five years, this sector has experienced steady growth as consumers have increased their appetites for services provided by sector operators. This trend is expected to continue over the five years to 2023, albeit at a slightly slower pace. Economic conditions are anticipated to support this continued growth as consumer spending and corporate profit are anticipated to continue increasing during the five-year period. However, while the number of inbound trips by non-US residents is anticipated to continue increasing, the number of US residents traveling internationally in lieu of domestic travel will also increase at a faster rate, mitigating growth through tourism.

This sector is primarily occupied with providing lodging and food services to consumers for immediate consumption. This includes hotels, motels and other accommodation formats along with full-service restaurants, limited-service restaurants, food contractors and drinking places. This sector excludes civic and social organizations and entertainment facilities, such as theaters and amusement parks, that provide food services as a secondary product.

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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Darden Restaurants Inc.
  • McDonald's Corporation
  • Starbucks Corporation
  • Yum! Brands Inc.
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • McDonald's Corporation
  • Yum! Brands Inc.
  • Darden Restaurants Inc.
  • Marriott International Inc.
  • Hilton Worldwide Holdings Inc.
  • Starbucks Corporation
Note: Product cover images may vary from those shown
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