Hotels & Motels in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hotels & motels industry includes establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The US hotels & motels industry recorded revenues of $278.5 billion in 2024, representing a compound annual growth rate (CAGR) of 4.6% between 2019 and 2024.
- The number of establishments in the industry increased with a CAGR of 0.6% between 2019 and 2024, reaching a total of 59,462.0 in 2024.
- In 2024, the revenue of the US hotels & motels industry recorded an annual growth of 3.2%. The growth is attributed to the increase in both international and domestic visitors. According to the International Trade Administration (ITA), in 2024, the US attracted 72.4 million international visitors, a 9.1% increase from 2023.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in the United States
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States hotels & motels market with five year forecasts
Reasons to Buy
- What was the size of the United States hotels & motels market by value in 2024?
- What will be the size of the United States hotels & motels market in 2029?
- What factors are affecting the strength of competition in the United States hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's hotels & motels market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
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
- Wyndham Hotels & Resorts Inc
- Hyatt Hotels Corp
