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2024 U.S. Industry Statistics & Market Forecast - Traveler Accommodation
Market Size & Industry Statistics
The total U.S. industry market size for Traveler 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.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
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 (%) | |||||
Industry Insights
Major trends affect the Traveler Accommodation industry include:- Increased demand for personalized experiences
- Rise in wellness tourism
- Growth in eco-friendly and sustainable practices
- Adoption of smart technology in hotel operations
- Expansion of the sharing economy, impacting traditional hotels
- Emphasis on local experiences and authenticity
- Increase in domestic and road travel popularity
- Rise of bleisure travel (blend of business and leisure)
- Greater focus on health and safety standards due to COVID-19
- Shift towards longer stays with flexible accommodation options
- Growth in loyalty program innovations and partnerships
- Increased use of data analytics for customer personalization and retention
- Acceleration of online booking and mobile check-in processes
- Emphasis on touchless technologies and contactless services
Product & Services Breakdown
Research products and services in the Traveler Accommodation industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Telephone Services |
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Gambling Services |
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Table Wagering Games |
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Gambling Machine Products |
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Pari-Mutuel Sports Gambling, Away From The Event Premises |
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Other Gambling Services |
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Membership Dues & Fees |
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Room Or Unit Accommodation For Travelers & Others |
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Room Or Unit Accommodation For Travelers, With Maid Service |
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Room Or Unit Accommodation For Travelers, Without Maid Service |
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Residential Room Or Unit Accommodation |
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Groceries & Other Food Items For Human Consumption Off The Premises |
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Alcoholic Beverages Served For Immediate Consumption |
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Packaged Liquor, Wine, & Beer |
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Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others |
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Automotive Fuels |
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All Other Merchandise |
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Souvenirs & Novelty Items |
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Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared |
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Meals, Snacks, & Beverages Prepared For Catered Events |
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Admissions To Live Performing Arts Performances |
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Internet Access Services |
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Parking Services, Including Valet Services |
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Rental Of Retail Space |
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Rental Of Space For Food Service |
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Rental Of Space For Short-Term Business Uses |
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Rental Of Space For Short-Term Social Uses |
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Equipment Rental Services |
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Golf Course & Country Club Services |
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Skiing Facility Services |
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Other Services |
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All Other Merchandise, Excluding Lottery Ticket Sales/Commissions |
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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.
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 | Order at top of page |
|
| 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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Traveler Accommodation company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 Traveler 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 Traveler Accommodation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| 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% | |||
| 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 | 24% | |||
| Building Cleaning Workers | 24% | |||
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | 6% | |||
| Maids and Housekeeping Cleaners | 22% | |||
| Personal Care and Service Occupations | 7% | |||
| Entertainment Attendants and Related Workers | 16% | |||
| Gambling Services Workers | 14% | |||
| Gambling Dealers | 13% | |||
| 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% | |||
| Installation, Maintenance, and Repair Occupations | 6% | |||
| Other Installation, Maintenance, and Repair Occupations | 6% | |||
| Maintenance and Repair Workers, General | 5% | |||
| Maintenance and Repair Workers, General | 5% | |||
Traveler Accommodation Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Traveler 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 Traveler 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 Traveler Accommodation industry. |
Source:
Innovation News
- Apr 18, 2024: Station Casinos Llc Employee Benefit Plan patents System And Methods For Operating A Casino Loyalty Computer System To Display Images Of Non-fungible Tokens Associated With Blockchain Transactions On Gaming Devices
- Jan 31, 2024: La Tourelle Partners raises $4 million in funding.
- Jan 29, 2024: Wyndham Hotels & Resorts trademarks "ARISE SUITES EXTENDED STAY BY WYNDHAM" - hotel accommodation and motel services; making reservations and bookings for temporary lodging for others
- Jan 29, 2024: Wyndham Hotels & Resorts trademarks "ARISE SUITES EXTENDED STAY BY WYNDHAM" - hotel accommodation and motel services; making reservations and bookings for temporary lodging for others
- Jan 26, 2024: Nemacolin Woodlands trademarks "FALLING ROCK" - Resort hotel services; restaurant services; bar and cocktail lounge services; Providing banquet and social function facilities for special occasions.
- Sep 29, 2023: Loge Holdings raises $17 million in funding.
- Jun 14, 2023: Provincetown LVP Partners raises $4 million in funding.
- Jun 08, 2023: Station Casinos Llc Employee Benefit Plan patents System, Method, And Non-transitory Computer-readable Storage Media For Generating Data For Use In Casino Property Management Computer Systems
- Jun 08, 2023: Station Casinos Llc Employee Benefit Plan patents System And Methods For Operating A Casino Loyalty Computer System To Display Images Of Non-fungible Tokens Associated With Blockchain Transactions On Gaming Devices
Recent Federal Contracts for Traveler Accommodation
- Apr 02, 2024: PIONEER LLC (Pascagoula, MS) awarded $60,000
- Apr 02, 2024: BLT FUND9 BETHESDAN, LLC (Bethesda, MD) awarded $27,339
- Apr 02, 2024: NEW DTRS MICHIGAN AVENUE, LLC (Chicago, IL) awarded $11,400
- Apr 02, 2024: ARROWHEAD REALTY, LLC (Franklin, TN) awarded $2,673,525
- Apr 02, 2024: KB BRUNSWICK HOTEL LLC (Brunswick, GA) awarded $8,500
- Apr 02, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $14,787
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