How big is the US Hospitality Market?

The US Hospitality Market size is expected to reach USD 235.96 billion in 2024 and grow at a CAGR of 4.87% to reach USD 299.29 billion by 2029. Read More

What is the current US Hospitality Market size?

In 2024, the US Hospitality Market size is expected to reach USD 235.96 billion. Read More

Who are the key players in US Hospitality Market?

Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group (IHG) and Choice Hotels International Inc. are the major companies operating in the US Hospitality Market. Read More

What years does this US Hospitality Market cover, and what was the market size in 2023?

In 2023, the US Hospitality Market size was estimated at USD 224.47 billion. The report covers the US Hospitality Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the US Hospitality Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

How is the United States Hospitality Market segmented?

The United States Hospitality Market is segmented based on a) Accommodation Type: Hotels, Motels, Resorts and Vacation Rentals b) Service Type: Full-Service Hotels, Limited-Service Hotels, Luxury Hotels and Budget Hotels c) Customer: Business Travelers, Leisure Travelers, Group Travelers, International Travelers and Domestic Travelers Read More

How is the United States Hospitality Market expected to evolve in the future?

The United States Hospitality Market is expected to maintain robust growth driven by a) Rising disposable incomes, increasing tourism and technological advancements b) Evolving consumer preferences for unique experiences c) Innovations in digital marketing, sustainability initiatives, and post-pandemic travel demand recovery Read More

US Hospitality Industry - Statistics, Analysis, Market Growth & Size

United States Hospitality Industry Overview

The competitive landscape of the US hospitality industry is dynamic and diverse, with numerous players competing across various sectors. The industry is further influenced by emerging trends such as the rise of alternative lodging options (e.g., Airbnb), the integration of technology to enhance guest experiences, sustainability initiatives, and changing consumer preferences for personalized and unique travel experiences. Marriott International, Hilton Worldwide Holdings, InterContinental Hotels Group (IHG), Choice Hotels International Inc., and Wyndham Hotels & Resorts are significant players in the US hospitality industry.