Key Insights
The US hospitality market, valued at $235.96 million in 2025, is projected to experience robust growth, driven by a burgeoning tourism sector, increasing disposable incomes, and the rising popularity of experiential travel. The market's Compound Annual Growth Rate (CAGR) of 4.87% from 2019-2033 indicates a steady expansion, with significant opportunities across various segments. The segment breakdown reveals a diverse landscape, encompassing chain hotels, independent hotels, service apartments, and a spectrum of hotel classes ranging from budget to luxury. Strong performance in the luxury segment is anticipated, fueled by increasing high-net-worth individuals seeking premium travel experiences. Conversely, the budget and economy segments are likely to witness moderate growth, driven by price-sensitive travelers. The geographical distribution is spread across the United States, with regional variations depending on tourism patterns and economic activity. Key players like Marriott International, Hilton Worldwide, and Airbnb, alongside others, are actively shaping market dynamics through strategic expansions, brand diversification, and innovative service offerings. The market faces challenges like fluctuating fuel prices, economic downturns, and seasonality but its inherent resilience and growth drivers suggest a consistently expanding future.
US Hospitality Market Market Size (In Million)
The competitive landscape features a mix of established international chains and local independent hotels. The entry of Airbnb and similar platforms presents both opportunities and challenges, disrupting traditional hotel bookings but simultaneously opening avenues for unique and personalized hospitality experiences. Growth within the market is expected to be uneven across segments, with the luxury and experiential travel sectors possibly outperforming the budget segments during periods of economic uncertainty. The ongoing recovery from the pandemic and increasing technological advancements are likely to further shape the market's trajectory, driving increased adoption of online booking platforms and contactless services. Future growth will be contingent upon factors such as economic stability, effective marketing strategies by industry players and the evolving preferences of travelers. Sustained investment in infrastructure and technological upgrades will be crucial for maintaining market competitiveness and maximizing growth potential.
US Hospitality Market Company Market Share
This detailed report provides an in-depth analysis of the US hospitality market, encompassing market size, segmentation, growth drivers, challenges, and key players. The study period covers 2019-2033, with 2025 serving as the base and estimated year. This report is crucial for industry stakeholders, investors, and businesses seeking to understand and navigate this dynamic market.
US Hospitality Market Market Concentration & Innovation
The US hospitality market exhibits a moderately concentrated landscape, dominated by major players like Marriott International, Hilton Worldwide, and IHG. These chains hold significant market share, benefiting from brand recognition, established distribution networks, and economies of scale. However, the market also accommodates a substantial number of independent hotels and smaller chains, fostering competition and innovation.
Market share data for 2024 indicates Marriott International holds approximately xx% market share, followed by Hilton Worldwide at xx% and IHG at xx%. The remaining share is distributed amongst other major chains and independent hotels.
Innovation in the US hospitality market is driven by several factors:
- Technological advancements: Adoption of property management systems (PMS), revenue management tools, online booking platforms, and mobile check-in/check-out processes enhances operational efficiency and customer experience.
- Changing consumer preferences: Growing demand for personalized experiences, sustainable practices, and unique accommodations fuels innovation in service offerings and property design.
- Regulatory changes: Regulations impacting accessibility, sustainability, and data privacy influence business practices and necessitate technological adaptations.
- Mergers and Acquisitions (M&A): Consolidation activities among major players and acquisitions of smaller chains contribute to market concentration and reshape the competitive landscape. Recent M&A activity has seen deal values averaging xx Million in the last 3 years.
Product substitutes, such as Airbnb and VRBO, represent a significant challenge to traditional hotels, forcing adaptation and diversification of offerings. The market is characterized by a robust regulatory framework at both federal and state levels, impacting various aspects of hotel operations, including safety standards, taxation, and labor laws.
US Hospitality Market Industry Trends & Insights
The US hospitality market is projected to experience robust growth throughout the forecast period (2025-2033), driven by a number of key factors. The Compound Annual Growth Rate (CAGR) is estimated at xx% for the forecast period, exceeding the historical CAGR of xx% (2019-2024). This acceleration is fueled by:
- Resurgent travel demand: Post-pandemic recovery in domestic and international tourism is significantly boosting hotel occupancy rates and revenue generation.
- Technological disruptions: The increasing adoption of online travel agencies (OTAs), mobile booking apps, and personalized marketing technologies reshape customer acquisition strategies. Market penetration of online booking platforms has reached xx% in 2024.
- Shifting consumer preferences: Consumers increasingly prioritize experiences over mere accommodation, demanding unique and personalized stays, wellness facilities, and sustainable practices.
- Competitive dynamics: Intense competition among chains and independent hotels compels continuous improvements in service quality, pricing strategies, and brand differentiation.
Dominant Markets & Segments in US Hospitality Market
The US hospitality market is geographically diverse, with significant variations in performance across different regions. However, major metropolitan areas and popular tourist destinations generally exhibit higher occupancy rates and revenue generation. California, Florida, and New York consistently rank among the leading states.
By Type:
- Chain Hotels: This segment dominates the market due to brand recognition, loyalty programs, and economies of scale. Growth is driven by expansion plans of major chains and increased demand for standardized services.
- Independent Hotels: This segment offers a niche market catering to customers seeking unique experiences and personalized services. While growth is slower than chain hotels, they thrive by capitalizing on local attractions and unique offerings.
By Segment:
- Luxury Hotels: This segment is driven by increasing high-net-worth individuals and their preference for luxurious amenities and exceptional services.
- Mid and Upper Mid-Scale Hotels: This segment constitutes the largest market share due to its broad appeal to business and leisure travelers. Growth is fueled by affordability and increasing business travel.
- Budget and Economy Hotels: This segment exhibits strong growth driven by price-conscious travelers and the increasing demand for affordable accommodation options.
- Service Apartments: This segment targets extended-stay travelers and business professionals, offering amenities like kitchenettes and laundry facilities. Growth is driven by increasing business travel and remote work trends.
Key drivers for dominance include robust tourism infrastructure, favorable economic policies, and strategic investments in hospitality development.
US Hospitality Market Product Developments
Recent product innovations focus on enhancing guest experience through technological integration. This includes contactless check-in/check-out, smart room technology, personalized in-room entertainment, and data-driven service optimization. Companies are also focusing on sustainable practices, such as energy-efficient technologies and waste reduction programs, to attract environmentally conscious travelers. These innovations improve operational efficiency and create a competitive advantage in a market increasingly driven by technological advancement and sustainability concerns.
Report Scope & Segmentation Analysis
This report comprehensively segments the US hospitality market by type (Chain Hotels and Independent Hotels) and by segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid-Scale Hotels, and Luxury Hotels). Each segment's growth projections, market sizes, and competitive dynamics are analyzed in detail, providing a granular understanding of market opportunities and challenges. For instance, the Budget and Economy segment is predicted to experience steady growth due to its affordability, while the Luxury segment is expected to expand at a faster rate driven by increasing disposable incomes. The competitive landscape within each segment varies significantly, with chain hotels holding the dominant position in most segments, while independent hotels thrive in niche markets.
Key Drivers of US Hospitality Market Growth
Several factors contribute to the growth of the US hospitality market:
- Economic growth: A healthy economy boosts disposable income, fueling both business and leisure travel.
- Technological advancements: Digital platforms and mobile technologies enhance the booking experience and streamline hotel operations.
- Government policies: Tourism-friendly policies and infrastructural development initiatives further stimulate growth.
Challenges in the US Hospitality Market Sector
The US hospitality market faces challenges including:
- Labor shortages: The industry struggles with attracting and retaining qualified employees, impacting service quality and operational efficiency. This shortage translates to increased labor costs and potential service disruptions, estimated to impact revenue by xx Million annually.
- Supply chain disruptions: Global supply chain issues affect procurement of goods and services, leading to increased costs and potential delays in project completion.
- Increased competition: Intense competition amongst existing players and the emergence of new entrants, including alternative accommodations, creates pricing pressures and necessitates continuous innovation.
Emerging Opportunities in US Hospitality Market
Emerging trends present significant opportunities:
- Bleisure travel: The convergence of business and leisure travel creates demand for hotels offering both business and leisure amenities.
- Experiential travel: Consumers seek unique and immersive experiences, creating opportunities for hotels to partner with local businesses and offer curated activities.
- Sustainable tourism: Growing environmental consciousness fuels demand for eco-friendly accommodations and sustainable practices.
Leading Players in the US Hospitality Market Market
- InterContinental Hotels Group (IHG)
- Hyatt Hotels Corporation
- Best Western Hotels & Resorts
- Airbnb
- Marriott International
- G6 Hospitality
- Hilton Worldwide
- Choice Hotels International
- Wyndham Hotels & Resorts
- Aimbridge Hospitality
Key Developments in US Hospitality Market Industry
- September 2023: IHG Hotels & Resorts opened a new Holiday Inn property in South Philadelphia, expanding its presence in a key metropolitan area and capitalizing on tourism and sporting events.
- August 2023: Wyndham Hotels & Resorts' acquisition of 16 LuxUrban hotels significantly expands its portfolio, strengthening its market position and adding a significant number of rooms to its inventory.
Strategic Outlook for US Hospitality Market Market
The US hospitality market is poised for continued growth, driven by sustained travel demand, technological innovation, and evolving consumer preferences. Strategic investments in technology, sustainable practices, and exceptional guest experiences will be crucial for success in this competitive environment. Focusing on niche markets, offering personalized services, and embracing technological advancements will be key to capitalizing on future growth opportunities.
US Hospitality Market Segmentation
-
1. Type
- 1.1. Chain Hotels
- 1.2. Independent Hotels
-
2. Segment
- 2.1. Service Apartments
- 2.2. Budget and Economy Hotels
- 2.3. Mid and Upper Mid-Scale Hotels
- 2.4. Luxury Hotels
US Hospitality Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
US Hospitality Market Regional Market Share
Geographic Coverage of US Hospitality Market
US Hospitality Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.87% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Tourism Increasing Demand for Hospitality Services; Consistent Demand for Business Travel and Corporate Hospitality Services
- 3.3. Market Restrains
- 3.3.1. Stringent Government Policies and Regulations Limiting the Market Growth; Lack of Skilled Labor is a Challenge for the Market
- 3.4. Market Trends
- 3.4.1 US Hotel Occupancy Soars
- 3.4.2 Fueled by Diverse Factors and Economic Uptick
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global US Hospitality Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Chain Hotels
- 5.1.2. Independent Hotels
- 5.2. Market Analysis, Insights and Forecast - by Segment
- 5.2.1. Service Apartments
- 5.2.2. Budget and Economy Hotels
- 5.2.3. Mid and Upper Mid-Scale Hotels
- 5.2.4. Luxury Hotels
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America US Hospitality Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Chain Hotels
- 6.1.2. Independent Hotels
- 6.2. Market Analysis, Insights and Forecast - by Segment
- 6.2.1. Service Apartments
- 6.2.2. Budget and Economy Hotels
- 6.2.3. Mid and Upper Mid-Scale Hotels
- 6.2.4. Luxury Hotels
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. South America US Hospitality Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Chain Hotels
- 7.1.2. Independent Hotels
- 7.2. Market Analysis, Insights and Forecast - by Segment
- 7.2.1. Service Apartments
- 7.2.2. Budget and Economy Hotels
- 7.2.3. Mid and Upper Mid-Scale Hotels
- 7.2.4. Luxury Hotels
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe US Hospitality Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Chain Hotels
- 8.1.2. Independent Hotels
- 8.2. Market Analysis, Insights and Forecast - by Segment
- 8.2.1. Service Apartments
- 8.2.2. Budget and Economy Hotels
- 8.2.3. Mid and Upper Mid-Scale Hotels
- 8.2.4. Luxury Hotels
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Middle East & Africa US Hospitality Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Chain Hotels
- 9.1.2. Independent Hotels
- 9.2. Market Analysis, Insights and Forecast - by Segment
- 9.2.1. Service Apartments
- 9.2.2. Budget and Economy Hotels
- 9.2.3. Mid and Upper Mid-Scale Hotels
- 9.2.4. Luxury Hotels
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Asia Pacific US Hospitality Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Chain Hotels
- 10.1.2. Independent Hotels
- 10.2. Market Analysis, Insights and Forecast - by Segment
- 10.2.1. Service Apartments
- 10.2.2. Budget and Economy Hotels
- 10.2.3. Mid and Upper Mid-Scale Hotels
- 10.2.4. Luxury Hotels
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 InterContinental Hotels Group (IHG)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Hyatt Hotels Corporation
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Best Western Hotels & Resorts
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Airbnb**List Not Exhaustive
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Marriott International
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 G6 Hospitality
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Hilton Worldwide
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Choice Hotels International
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Wyndham Hotels & Resorts
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Aimbridge Hospitality
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 InterContinental Hotels Group (IHG)
List of Figures
- Figure 1: Global US Hospitality Market Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America US Hospitality Market Revenue (Million), by Type 2025 & 2033
- Figure 3: North America US Hospitality Market Revenue Share (%), by Type 2025 & 2033
- Figure 4: North America US Hospitality Market Revenue (Million), by Segment 2025 & 2033
- Figure 5: North America US Hospitality Market Revenue Share (%), by Segment 2025 & 2033
- Figure 6: North America US Hospitality Market Revenue (Million), by Country 2025 & 2033
- Figure 7: North America US Hospitality Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: South America US Hospitality Market Revenue (Million), by Type 2025 & 2033
- Figure 9: South America US Hospitality Market Revenue Share (%), by Type 2025 & 2033
- Figure 10: South America US Hospitality Market Revenue (Million), by Segment 2025 & 2033
- Figure 11: South America US Hospitality Market Revenue Share (%), by Segment 2025 & 2033
- Figure 12: South America US Hospitality Market Revenue (Million), by Country 2025 & 2033
- Figure 13: South America US Hospitality Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe US Hospitality Market Revenue (Million), by Type 2025 & 2033
- Figure 15: Europe US Hospitality Market Revenue Share (%), by Type 2025 & 2033
- Figure 16: Europe US Hospitality Market Revenue (Million), by Segment 2025 & 2033
- Figure 17: Europe US Hospitality Market Revenue Share (%), by Segment 2025 & 2033
- Figure 18: Europe US Hospitality Market Revenue (Million), by Country 2025 & 2033
- Figure 19: Europe US Hospitality Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East & Africa US Hospitality Market Revenue (Million), by Type 2025 & 2033
- Figure 21: Middle East & Africa US Hospitality Market Revenue Share (%), by Type 2025 & 2033
- Figure 22: Middle East & Africa US Hospitality Market Revenue (Million), by Segment 2025 & 2033
- Figure 23: Middle East & Africa US Hospitality Market Revenue Share (%), by Segment 2025 & 2033
- Figure 24: Middle East & Africa US Hospitality Market Revenue (Million), by Country 2025 & 2033
- Figure 25: Middle East & Africa US Hospitality Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Asia Pacific US Hospitality Market Revenue (Million), by Type 2025 & 2033
- Figure 27: Asia Pacific US Hospitality Market Revenue Share (%), by Type 2025 & 2033
- Figure 28: Asia Pacific US Hospitality Market Revenue (Million), by Segment 2025 & 2033
- Figure 29: Asia Pacific US Hospitality Market Revenue Share (%), by Segment 2025 & 2033
- Figure 30: Asia Pacific US Hospitality Market Revenue (Million), by Country 2025 & 2033
- Figure 31: Asia Pacific US Hospitality Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global US Hospitality Market Revenue Million Forecast, by Type 2020 & 2033
- Table 2: Global US Hospitality Market Revenue Million Forecast, by Segment 2020 & 2033
- Table 3: Global US Hospitality Market Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global US Hospitality Market Revenue Million Forecast, by Type 2020 & 2033
- Table 5: Global US Hospitality Market Revenue Million Forecast, by Segment 2020 & 2033
- Table 6: Global US Hospitality Market Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Mexico US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Global US Hospitality Market Revenue Million Forecast, by Type 2020 & 2033
- Table 11: Global US Hospitality Market Revenue Million Forecast, by Segment 2020 & 2033
- Table 12: Global US Hospitality Market Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Brazil US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: Argentina US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: Rest of South America US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Global US Hospitality Market Revenue Million Forecast, by Type 2020 & 2033
- Table 17: Global US Hospitality Market Revenue Million Forecast, by Segment 2020 & 2033
- Table 18: Global US Hospitality Market Revenue Million Forecast, by Country 2020 & 2033
- Table 19: United Kingdom US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 20: Germany US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 21: France US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: Italy US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 23: Spain US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: Russia US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: Benelux US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 26: Nordics US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 27: Rest of Europe US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 28: Global US Hospitality Market Revenue Million Forecast, by Type 2020 & 2033
- Table 29: Global US Hospitality Market Revenue Million Forecast, by Segment 2020 & 2033
- Table 30: Global US Hospitality Market Revenue Million Forecast, by Country 2020 & 2033
- Table 31: Turkey US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 32: Israel US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 33: GCC US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 34: North Africa US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 35: South Africa US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 36: Rest of Middle East & Africa US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 37: Global US Hospitality Market Revenue Million Forecast, by Type 2020 & 2033
- Table 38: Global US Hospitality Market Revenue Million Forecast, by Segment 2020 & 2033
- Table 39: Global US Hospitality Market Revenue Million Forecast, by Country 2020 & 2033
- Table 40: China US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 41: India US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 42: Japan US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 43: South Korea US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 44: ASEAN US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 45: Oceania US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 46: Rest of Asia Pacific US Hospitality Market Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the US Hospitality Market?
The projected CAGR is approximately 4.87%.
2. Which companies are prominent players in the US Hospitality Market?
Key companies in the market include InterContinental Hotels Group (IHG), Hyatt Hotels Corporation, Best Western Hotels & Resorts, Airbnb**List Not Exhaustive, Marriott International, G6 Hospitality, Hilton Worldwide, Choice Hotels International, Wyndham Hotels & Resorts, Aimbridge Hospitality.
3. What are the main segments of the US Hospitality Market?
The market segments include Type, Segment.
4. Can you provide details about the market size?
The market size is estimated to be USD 235.96 Million as of 2022.
5. What are some drivers contributing to market growth?
Growing Tourism Increasing Demand for Hospitality Services; Consistent Demand for Business Travel and Corporate Hospitality Services.
6. What are the notable trends driving market growth?
US Hotel Occupancy Soars. Fueled by Diverse Factors and Economic Uptick.
7. Are there any restraints impacting market growth?
Stringent Government Policies and Regulations Limiting the Market Growth; Lack of Skilled Labor is a Challenge for the Market.
8. Can you provide examples of recent developments in the market?
September 2023: IHG Hotels & Resorts opened a new Holiday Inn property in South Philadelphia following a conversion and renovation. Located minutes from Philadelphia International Airport and within walking distance of the city’s primary sports and entertainment facilities complex (which includes Lincoln Financial Field, Citizens Bank Park, and Wells Fargo Center), Holiday Inn Philadelphia Airport Stadium Area delivers a convenient, comfortable, and welcoming experience appropriate for the “City of Brotherly Love.”
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "US Hospitality Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the US Hospitality Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the US Hospitality Market?
To stay informed about further developments, trends, and reports in the US Hospitality Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence