Accommodation

Accommodation (NAICS 721) covers hotels, motels, casino hotels, resorts, bed and breakfasts, and other lodging establishments serving travelers and temporary residents. U.S. hotel revenue surpassed $200 billion in 2023, with revenue per available room (RevPAR) exceeding pre-pandemic levels according to STR data. Marriott International leads the sector with over 8,700 properties globally under 30+ brands, followed by Hilton Worldwide (over 7,500 properties) and Hyatt Hotels. The industry's structure separates brand ownership from property operations: most major-brand hotels operate under franchise or management agreements, with real estate held by REITs like Host Hotels & Resorts and Pebblebrook Hotel Trust. Airbnb's 7.7 million global listings continue to pressure traditional lodging, particularly in leisure-heavy markets like Florida's Gulf Coast and Hawaii, though hotels have regained business and group travel share. The American Hotel & Lodging Association reports over 55,000 hotel properties in the U.S. with roughly 5.4 million rooms. The subsector employs approximately 1.9 million workers, concentrated in housekeeping, front desk, food service, and management roles. UNITE HERE, the primary hospitality union, represents over 300,000 hotel and food service workers and led major strikes at Hilton and Marriott properties in 2024 over wages and workload standards.