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Hotels, Motels & Resorts Industry
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Industry Analysis

SIC CODES: SIC and NAICS codes are industry standard codes that describe an industry's basic categorization. Established in the United States in 1937, it is used by government agencies to classify industry areas. The SIC system is also used by agencies in other countries. In the United States the SIC code is being supplanted by the six-digit North American industry Classification System (NAICS code).
7011
NAICS CODES: SIC and NAICS codes are industry standard codes that describe an industry's basic categorization. Established in the United States in 1937, it is used by government agencies to classify industry areas. The SIC system is also used by agencies in other countries. In the United States the SIC code is being supplanted by the six-digit North American industry Classification System (NAICS code).
721110
Related Industries:
Automobile Rental & Leasing
Travel Agencies & Services
Food Service Contractors
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Description

Companies in this industry operate short-term lodging facilities, including hotels, motels, and resort hotels. Major companies include Choice Hotels, Hilton, Hyatt, Marriott, and Wyndham (all based in the US), as well as Accor (France), InterContinental Hotels Group (UK), Jin Jiang Hotels (China), NH Hotel Group (Spain), and Whitbread (UK).

Competitive Landscape

Hotels, motels, and resorts are benefiting from global increases in tourist travel, but the incursion of short-term rental services such as Airbnb is disrupting the industry in markets around the world. Online travel agencies like Expedia have also influenced the competitive dynamic of the US industry by siphoning off revenue in the form of commissions that hotels must pay on each booking. Both of these trends disproportionately affect large hotel chains, which are fighting for stricter regulation of private rentals while negotiating more favorable contracts with third-party booking websites.

Products, Operations & Technology

Major industry product lines are room fees (about 75% of industry revenue) and sales of food and beverages.

Geographic Segmentation

See where the Hotels, Motels & Resorts industry is concentrated geographically and research companies by financials and key corporate data.
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