US Hospitality Industry Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Report Covers US Hospitality Industry Trends, Overview and the Market is Segmented by Type (Chain Hotels and Independent Hotels) and Segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid-scale Hotels, and Luxury Hotels)

United States Hospitality Market Size

us hospitality industry size
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR 5.50 %

Major Players

us hospitality companies

*Disclaimer: Major Players sorted in no particular order


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United States Hospitality Market Analysis

The hospitality industry in the United States has been growing, with the rising number of international travelers visiting the country for leisure trips and with the rising business travel within the country. The total value of bookings increased from USD 116 billion in 2009 to USD 185 billion in 2017. The international arrivals in the country increased by 0.7% in 2017. Cities, like New York, managed to record high numbers of both leisure travelers and business travellers. Growth in digital innovation helped in recording this increasing number and it also helped the players who operate shared spaces, like Airbnb, to be able to reach out to their target audience. The total expenditure of international travellers recorded an all-time high value of USD 251 billion in 2017. Gross hotel bookings recorded a value of USD 185 billion in 2017, which was USD 116 billion in 2009. All these growing numbers, together, inspired the Department of Commerce to target 95.5 million international visitor arrivals, annually, by 2023, which is twice the number it recorded in 2000.

United States Hospitality Market Trends

This section covers the major market trends shaping the United States Hospitality Market according to our research experts:

The Y-o-Y Growth in Revenue is Driving the Market

The hospitality industry in the United States always managed to score a growing number, over the past few years. Though the occupancy rates fluctuate from month to month, the overall revenue generated from the segment keeps increasing. The region recorded USD 280 billion in terms of the revenue generated in 2018, which was almost double the revenue it generated in the early 2000s. Since 2000, the region recorded positive growth in revenue, which dropped to USD 133 billion in 2009, due to the global recession, from USD 152 billion in 2008. 

us hospitality industry trends

Airbnb has Changed the Face of the Hospitality Industry in the United States

When it entered the hospitality industry in the United States in 2008, Airbnb was barely known to the general public. Yet, with its innovative space sharing idea and digitalization technique, it attracted the younger generation and reached a break-even point after a year from its inception. Currently, more than 60% of the accounts in Airbnb belong to millennials. It succeeded in attracting a greater number of customers, through its pricing strategy. Airbnb is offering shared spaces at fairly cheaper rates in the leading cities of the United States and the United Kingdom. There are spaces available for USD 14 per night, even in the prime cities of the world. According to recent statistics, Airbnb has approximately 150 million users and covers more than 65,000 cities in the world, with more than 5 million listings.

us hospitality industry growth

United States Hospitality Industry Overview

The hospitality industry in the United States is dynamic. The region hosts a high number of brands with global footprints. Airbnb has been attracting a large consumer base and it recorded an increasing number of listings and bookings over the past few years. The entry of the concept of shared space has been giving a tough competition to the major players, over the past 3 to 4 years.

United States Hospitality Market Leaders

  1. Marriott International

  2. Hilton Worldwide

  3. Wyndham Hotels & Resorts

  4. InterContinental Hotels Group (IHG)

  5. Choice Hotels International

*Disclaimer: Major Players sorted in no particular order

Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group, Choice Hotels International.

United States Hospitality Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Impact of COVID-19 on the Hospitality Industry

    4. 4.4 Insights on Revenue Flows from the Accommodation and Food and Beverage Sectors

    5. 4.5 Leading Cities in the United States, with Respect to the Number of Visitors

    6. 4.6 Investments (Real Estate, FDI, and Others) in the Hospitality Industry

    7. 4.7 Technological Innovations in the Hospitality Industry

    8. 4.8 Insights on the Impact of Shared Living Spaces on the Hospitality Industry

    9. 4.9 Insights on Other Economic Contributors to the Hospitality Industry

    10. 4.10 Value Chain Analysis

    11. 4.11 Porter's Five Forces Analysis


    1. 5.1 By Type

      1. 5.1.1 Chain Hotels

      2. 5.1.2 Independent Hotels

    2. 5.2 By Segment

      1. 5.2.1 Service Apartments

      2. 5.2.2 Budget and Economy Hotels

      3. 5.2.3 Mid and Upper Mid-scale Hotels

      4. 5.2.4 Luxury Hotels


    1. 6.1 Market Concentration

    2. 6.2 Company Profiles

      1. 6.2.1 Marriott International

      2. 6.2.2 Hilton Worldwide

      3. 6.2.3 Wyndham Hotels & Resorts

      4. 6.2.4 InterContinental Hotels Group (IHG)

      5. 6.2.5 Choice Hotels International

      6. 6.2.6 Best Western Hotels & Resorts

      7. 6.2.7 Hyatt Hotels Corporation

      8. 6.2.8 G6 Hospitality

      9. 6.2.9 Aimbridge Hospitality

      10. 6.2.10 Airbnb

    3. *List Not Exhaustive
    4. 6.3 Loyalty Programs Offered by Major Hotel Brands



  9. 9. APPENDIX

United States Hospitality Industry Segmentation

A complete background analysis of the hospitality industry in the United States, which includes an assessment of the industry associations, the overall economy and the emerging market trends based on segments, significant changes in the market dynamics, and the market overview, is covered in the report.

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United States Hospitality Market Research FAQs

The US Hospitality Market is projected to register a CAGR of 5.5% during the forecast period (2023-2028).

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

US Hospitality Industry Report

Statistics for the 2023 US Hospitality market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Hospitality analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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