Hotels — US Industry Report
Official NAICS classification: Hotels (except casino hotels) and motels (72111)
The hotels (except casino hotels) and motels industry in the United States generated an estimated ~$244.6B in annual revenue across 55.9K establishments employing 1.50M workers (Census Bureau). This 23-page report analyzes industry performance, competitive dynamics, and delivers 5-year growth forecasts.
Industry Snapshot
- ▸Payroll expenses reaching peaks while operational headwinds intensify across the sector
- ▸Compensation increases concentrated among remaining staff as headcount declines
- ▸Demand environment deteriorating at a moment of acute sector vulnerability
- ▸Labor cost pressures compressing margins despite resilient top-line performance
Table of Contents
Key takeaways, industry definition, and current state overview. Covers the industry's scope, principal activities, NAICS classification context, and a concise snapshot of where the industry stands today. Reading this alone gives decision-makers the high-level picture they need before diving into data-backed chapters.
Historical performance analysis covering establishments, employment, and payroll (2012-2025). Examines what has driven industry performance in recent years, how the industry has responded to macroeconomic cycles, and which operating conditions have shaped revenue and labor dynamics. Includes source-cited tables and year-by-year data points.
5-year projections (2026-2030) with base case, bull case, and bear case scenarios. Each scenario combines historical trends, macroeconomic indicators from FRED, and industry-specific signals. Addresses questions on expected trajectory, forecast risk, downside drivers, and the assumptions behind each scenario.
Growth drivers, risk factors, and external environment analysis. Unpacks the forces that will shape the industry over the forecast horizon — demographic shifts, regulatory changes, technology adoption, and cyclical exposure. Frames both the upside opportunities and the structural risks operators and investors should weigh.
Market structure overview, barriers to entry, and competitive dynamics. Describes how the industry is organized between large incumbents and smaller operators, how fragmented or concentrated it is, and the typical strategies firms use to compete. Named companies and market-share figures are covered at Standard tier and above.
Cost structure, labor requirements, technology factors, and the regulatory environment. Examines where operators spend, how sensitive margins are to input costs, what workforce and technology investments are typical, and which compliance and regulatory constraints shape day-to-day operations and long-term planning.
Strengths, weaknesses, opportunities, and threats — each supported by concrete evidence from the underlying data. Moves beyond generic bullet points by tying each SWOT element to specific metrics, structural trends, or external forces identified elsewhere in the report. Useful for strategic planning and risk assessment.
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The Hotels (except casino hotels) and motels industry (NAICS 72111) encompasses 55.9K establishments in the United States employing 1.50M workers, generating an estimated ~$244.6B in annual revenue (Census Bureau). Classified within Accommodation and Food Services, the industry is positioned in a decline phase of its life cycle.
This report examines historical performance trends (2012-2025), competitive structure, geographic distribution, and provides a 5-year outlook (2026-2030) with growth drivers, risk factors, and industry-specific SWOT analysis.
Products & Services
Key service categories in the Hotels (except casino hotels) and motels industry.
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Top Questions Answered
What is the market size of the Hotels (except casino hotels) and motels industry?
The estimated market size of the Hotels (except casino hotels) and motels industry is ~$244.6B, a VantaInsights 2026 projection carried forward from the 2022 US Census Economic Census baseline at the... Full analysis available in report.
What does NAICS 72111 include?
NAICS 72111 covers establishments primarily engaged in providing short-term lodging in hotel and motel facilities, excluding those where casino gaming is the primary activity. Full analysis available in report.
How fast is the Hotels and motels industry growing?
The Hotels and motels industry has demonstrated strong growth over the past decade, outpacing the broader U.S. economy across the measurement period. Full analysis available in report.
What is the outlook for the Hotels and motels industry?
The Hotels and motels industry is projected to continue its growth trajectory, supported by sustained demand in both leisure and business travel segments. Full analysis available in report.
How competitive is the Hotels and motels industry?
The industry is moderately fragmented, with competition occurring across multiple tiers — from budget motels to luxury resorts — where firms differentiate primarily on location, brand loyalty... Full analysis available in report.
What types of businesses operate in the Hotels and motels industry?
The industry features a diverse mix of large national flag-brand operators, regional chains, and independent owner-operated properties, reflecting a structure that spans highly capitalized corporate... Full analysis available in report.
What do workers in the Hotels and motels industry typically earn?
Compensation in the Hotels and motels industry varies considerably by role, property tier, and geographic market, with wages generally positioned in the lower-to-middle range relative to the broader... Full analysis available in report.
Who are the major players in the Hotels and motels industry?
The industry is served by a combination of large national and multinational operators running franchised or company-managed properties, alongside a substantial base of regional and independent... Full analysis available in report.
Get complete answers with detailed growth rates, forecasts, and competitive analysis.
Methodology
This report is produced using AI-assisted analysis of official US government data sources. Our methodology combines automated data collection from federal statistical databases with AI-assisted synthesis and validation. Every numerical claim undergoes a validation pass against source data.
The Census Bureau's County Business Patterns and Economic Census provide establishment counts, employment, and payroll broken out by NAICS industry and geography. The Bureau of Labor Statistics QCEW program supplies wage data by industry. The Federal Reserve Economic Data (FRED) service contributes macroeconomic indicators used for industry forecasting — GDP, interest rates, housing starts, and sector-specific indices.
Data freshness varies by source: Census CBP has a ~2 year lag, BLS lags 6-9 months, and FRED provides near real-time macroeconomic data. Each report includes a data currency section showing exact year ranges.
Read our full methodology →Data Sources
Every chart, table, and claim in this report traces back to a published federal statistical database. Each data point in the PDF shows its source so you can verify it against the original dataset.
- U.S. Census Bureau — County Business Patterns & Economic Census
- Bureau of Labor Statistics — QCEW
- Federal Reserve Economic Data (FRED)
Report Details
Industry Classification (NAICS)
Where this industry sits in the North American Industry Classification System.
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