Lodging Report Summary

SIC Codes: 7011 7021 7032 7033
NAICS Codes: 721110 721120 721191 721199 721211 721214 721310

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Lodging Industry Overview

Excerpt from Lodging Report

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).

Competitive Landscape

Business and leisure travel drive demand. Both are affected by the strength of the economy. 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 case of RV parks, companies earn revenue from campground, cabin, or cottage rentals; groceries and meals; and membership fees. Casino hotels may earn revenue from casino games, restaurants, retail stores, and live entertainment, in addition to hotel rooms. Bed and breakfast inns (B&Bs) primarily offer guest rooms, typically in a converted private home, with breakfast services in a common dining area.

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