Skip to main content

Looking for Valuant? You are in the right place!

Valuant is now Abrigo, giving you a single source to Manage Risk and Drive Growth

Make yourself at home – we hope you enjoy your new web experience.

Looking for DiCOM? You are in the right place!

DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

Lending & Credit Risk

Traveler Accommodation (NAICS 721199) industry trends

Sageworks
August 16, 2013
Read Time: 0 min

The traveler accommodation industry includes hotels and motels, casino hotels, bed-and breakfast inns and other traveler accommodations. Hotels and motels provide short-term lodging facilities along with food and beverage services, recreational services, conference rooms and convention services, laundry services and parking. Casino hotels provide short-term lodging facilities with a casino on the premises providing gambling activities. Bed-and-breakfast inns provide short-term lodging in private homes or converted small buildings. Bed-and-breakfast inns typically include a full breakfast in the room rate. Other traveler accommodations include guess houses, tourist homes, housekeeping cabins and cottages and youth hostels. 

The Census Bureau’s most recent data indicates that there are approximately 53,103 firms within this industry. The majority of firms within this industry are hotels (except casino hotels) and motels.

According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 6.34 percent. During this same time, the average gross profit margin was 93.96 percent.

The graph below shows business statistics for the average company in the traveler accommodations industry. 

Traveler Accommodation NAICS 7211

 

About the Author

Sageworks

Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

Full Bio

About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

Make Big Things Happen.