Rising levels of leisure and business travel to drive demand for hotels and other lodging

Rising levels of leisure and business travel to drive demand for hotels and other lodging

eTN:

US lodging services revenues are forecast to reach $185 billion in 2021, according to Lodging Services: United States, a report recently released by Freedonia Focus Reports. Traditional hotels and motels are expected to outpace other segments of the industry amid increasing demand from business travelers, fueled by the geographic dispersal of business operations.

While hotels face stiffening competition from providers of alternative lodging services, such as Airbnb and HomeAway.com (Expedia), such services are expected to remain a relatively small portion of total lodging revenues.

These and other key insights are featured in Lodging Services: United States. This report forecasts US lodging service revenues in US dollars to 2021. Total revenues are segmented by establishment in terms of:

• hotels and motels
• casino hotels
• RV parks and campgrounds
• other establishments such as bed and breakfasts, cabins, and hostels.

 

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