Traveler Accommodation (NAICS 721199) industry trends
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.