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          1. Lodging Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 9/14/2020
            SIC Codes: 7011, 7021, 7032, 7033, 7041
            NAICS Codes: 721
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Lodging Industry Profile

            Companies in this industry operate hotels, motels, resorts, casino hotels, and bed and breakfast inns, along with RV parks, recreational camps, and rooming and boarding houses. Major companies include Hilton, Las Vegas Sands, Marriott, and MGM Resorts (all based in the US), as well as Accor (France), InterContinental (UK), and SJM Holdings (Hong Kong).

            The global hotel industry market is expected to reach a valuation of around $211.5 billion by 2026, according to Zion Market Research. Increasing travel to the Asia/Pacific region, Latin America, and North America is driving global growth in the lodging industry. Europe is the world’s top market for international tourism spending, followed by Asia/Pacific and the Americas.

            The US lodging industry consists of about 70,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $270 billion.

            COMPETITIVE LANDSCAPE

            Business and leisure travel drive demand. Strength of the economy affects these factors. The profitability of individual companies depends on efficient operations and effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies can compete by offering personalized service and a unique customer experience. The US industry is fragmented: the top 50 companies account for about 45% of revenue.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Major industry product lines and services are hotel room fees, meeting room and conference facility fees, and sales of food and drinks. In the ...

             
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