HOTEL INDUSTRY IN US
US has the highest contribution from travel and tourism industry to its GDP, worldwide at $1.5 Trillion, accounts for almost 8% share. US is the global leader in business travel spending and large chunk of that is related to hotels and hospitality industry.
As the US market has now transitioned completely to consumer spending-based economy, leisure hotel business revenues have grown in past 5 years.
US also receives a very high number of international travellers throughout the year.
MARKET SIZE AND FORECAST
There are more than 5 Million rooms available in US and the occupancy rate has remain more or less stagnant at ~65% for past few years. The construction pipeline as of Jan 2020 is estimated at 12% of total inventory. More than 200 new hotel construction is underway in top 3 markets of New York, Dallas and Houston alone.
Hotel Industry in US is estimated at $XX Billion in 2020, growing at –% CAGR till 2025.
US based Marriott is among the biggest hotel companies worldwide with revenue exceeding $22 Billion in 2018. It has ~7,300 properties and roughly 1.4 million rooms in 134 countries. Over 50% of the company’s record hotel development pipeline is located outside US and Canada.
Hilton, another world-famous brand with more than $9 Billion in annual revenue achieved 6.6 % growth in 2019 by adding nearly 470 hotels and now has more than 6,100 properties globally with 0.9 million rooms in 119 countries.
Hyatt is the third biggest group with more than $4.5 billion in annual revenue in 2018. It has more than 750 properties worldwide.
- Marriott International
- Choice Hotels International
- Hilton Worldwide
- G6 Hospitality LLC
- Extended Stay America
- Wyndham Hotels & Resorts
- InterContinental Hotels Group
- Hyatt Hotels Corporation
- Best Western
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- Complete Ongoing Hotel Project List in US 2020
- Project List in Design and Planning stage for 2020-2025
- Present Hotel Market 2020 -2025 (Revenue, Occupancy)
- New Hotel Group Entering US
- Impact of AirBnB on Hotel industry in US
- Market share of major companies
|2||Scope of the report|
|7||Insights from Industry stakeholders|
|8||Cost breakdown of Product by sub-components and average profit margin|
|9||Disruptive innovation in the Industry|
|10||Technology trends in the Industry|
|11||Consumer trends in the industry|
|12||Recent Production Milestones|
|13||Component Manufacturing in US, EU and China|
|14||COVID-19 impact on overall market|
|15||COVID-19 impact on Production of components|
|16||COVID-19 impact on Point of sale|
|17||Market Segmentation, Dynamics and Forecast by Geography, 2020-2025|
|18||Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025|
|19||Market Segmentation, Dynamics and Forecast by Application, 2020-2025|
|20||Market Segmentation, Dynamics and Forecast by End use, 2020-2025|
|21||Product installation rate by OEM, 2020|
|22||Incline/Decline in Average B-2-B selling price in past 5 years|
|23||Competition from substitute products|
|24||Gross margin and average profitability of suppliers|
|25||New product development in past 12 months|
|26||M&A in past 12 months|
|27||Growth strategy of leading players|
|28||Market share of vendors, 2020|
|30||Unmet needs and opportunity for new suppliers|