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2024 U.S. Industry Statistics & Market Forecast - Accommodation


Market Size & Industry Statistics

The total U.S. industry market size for Accommodation: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Accommodation industry include:
  1. Rise in eco-friendly accommodations
  2. Growth of the sharing economy
  3. Increasing use of automation and AI technologies
  4. Demand for personalized experiences
  5. Expansion of health and wellness amenities
  6. Surge in boutique hotels
  7. Greater emphasis on safety and cleanliness
  8. Shift towards remote and work-from-anywhere accommodations
  9. Popularity of experiential and adventure travel
  10. Influence of social media on travel decisions
  11. Impact of geopolitics and global economic conditions
  12. Adoption of flexible cancellation policies
  13. Integration of local culture in hospitality services
  14. Development of smart hotels
  15. Challenges due to labor shortages


Product & Services Breakdown

Research products and services in the Accommodation industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Overnight Recreational Camps, Including Camp Tuition & Fees

Telephone Services

Gambling Services

Table Wagering Games

Gambling Machine Products

Pari-Mutuel Sports Gambling, Away From The Event Premises

Other Gambling Services

Membership Dues & Fees

Room Or Unit Accommodation For Travelers & Others

Room Or Unit Accommodation For Travelers, With Maid Service

Room Or Unit Accommodation For Travelers, Without Maid Service

Shared Room Accommodation For Unrelated Parties

Recreational Vehicle ( RV) & Tent Sites For Travelers & Others

Residential Room Or Unit Accommodation

Groceries & Other Food Items For Human Consumption Off The Premises

Alcoholic Beverages Served For Immediate Consumption

Packaged Liquor, Wine, & Beer

Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others

Automotive Fuels

All Other Merchandise

Souvenirs & Novelty Items

Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared

Meals, Snacks, & Beverages Prepared For Catered Events

Admissions To Live Performing Arts Performances

Internet Access Services

Laundry Services

Parking Services, Including Valet Services

Rental Of Retail Space

Rental Of Space For Food Service

Rental Of Space For Short-Term Business Uses

Rental Of Space For Short-Term Social Uses

Equipment Rental Services

Golf Course & Country Club Services

Skiing Facility Services

Other Services

All Other Merchandise, Excluding Lottery Ticket Sales/Commissions



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry Average Percent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Accommodation company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Accommodation industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Accommodation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Top Executives 6%
Chief Executives0%
General and Operations Managers 6%
General and Operations Managers2%
Protective Service Occupations 7%
Other Protective Service Workers 6%
Security Guards and Gambling Surveillance Officers 5%
Food Preparation and Serving Related Occupations 22%
Cooks and Food Preparation Workers 6%
Cooks 10%
Food and Beverage Serving Workers 10%
Waiters and Waitresses 6%
Waiters and Waitresses 6%
Other Food Preparation and Serving Related Workers 6%
Building and Grounds Cleaning and Maintenance Occupations 27%
Building Cleaning and Pest Control Workers 23%
Building Cleaning Workers 23%
Janitors and Cleaners, Except Maids and Housekeeping Cleaners 6%
Maids and Housekeeping Cleaners 21%
Grounds Maintenance Workers 7%
Grounds Maintenance Workers 7%
Landscaping and Groundskeeping Workers 7%
Personal Care and Service Occupations 7%
Entertainment Attendants and Related Workers 16%
Gambling Services Workers 14%
Gambling Dealers 13%
Other Personal Care and Service Workers 7%
Recreation and Fitness Workers 7%
Recreation Workers 7%
Residential Advisors 14%
Residential Advisors 14%
Sales and Related Occupations 5%
Office and Administrative Support Occupations 19%
Information and Record Clerks 14%
Hotel, Motel, and Resort Desk Clerks 13%
Hotel, Motel, and Resort Desk Clerks 13%
Other Office and Administrative Support Workers 6%
Office Clerks, General 5%
Office Clerks, General 5%
Installation, Maintenance, and Repair Occupations 7%
Other Installation, Maintenance, and Repair Occupations 6%
Maintenance and Repair Workers, General 6%
Maintenance and Repair Workers, General 6%
Source: Bureau of Labor Statistics


Accommodation Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Accommodation industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Accommodation industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Accommodation industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Accommodation

  • Apr 02, 2024: TMG II BETHESDA HOTEL OPERATING COMPANY L.L.C. (Bethesda, MD) awarded $29,338
  • Apr 02, 2024: ISLAND VISTA ESTATES LLC (Chicago, IL) awarded $246,000
  • Apr 02, 2024: NIXON & NIXON INC (San Antonio, TX) awarded $352,000
  • Apr 02, 2024: RITZ-CARLTON HOTEL COMPANY LLC (San Francisco, CA) awarded $191,623
  • Apr 02, 2024: PIONEER LLC (Pascagoula, MS) awarded $60,000
  • Apr 02, 2024: BLT FUND9 BETHESDAN, LLC (Bethesda, MD) awarded $27,339