How big is the hotel market in the US?

What was the market size of the Hotels & Motels industry in the US in 2022? The market size, measured by revenue, of the Hotels & Motels industry was $225.0bn in 2022. What was the growth rate of the Hotels & Motels industry in the US in 2022? The market size of the Hotels & Motels industry increased 20.2% in 2022.



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Food and Beverage Depending on the specific global region on which you might focus, food and beverage might be the largest of the sectors in the hospitality industry. After all, even restaurants alone serve in some capacity here, and there are many types from which to choose in almost every major tourist location.

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Who owns most hotels in the USA? Wyndham Hotel Group owns the most hotels in the USA, the company has over 8,092 hotels in 66 different countries.

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US HOTEL INDUSTRY STATISTICS There are 166,272 Hotels & Motels businesses in the US as of 2023, an increase of 7.1% from 2022. The U.S. hotel industry is projected to achieve 1.3 billion occupied room nights in 2023.

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If you're short on time, here's a quick answer to your question: Hotels make money by renting out their rooms and charging for additional services such as food, drinks, and amenities.

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