PUBLISHER: Grand View Research | PRODUCT CODE: 1726358
PUBLISHER: Grand View Research | PRODUCT CODE: 1726358
U.S. Hotels Market Size, Share & Trends Analysis Report By Price Range (Economy, Midscale), By Ownership Model (Independent Hotels, Chain Hotels), By Booking Mode (Direct Booking, Online Travel Agent & Agencies), And Segment Forecasts, 2025 - 2030
U.S. Hotels Market Growth & Trends:
The U.S. hotels market size is expected to reach USD 395.69 billion by 2030 and is projected to grow at a CAGR of 7.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market has witnessed an uptick in corporate and group travel, with businesses increasingly prioritizing corporate retreats, industry conferences, and incentive trips. This surge in business travel is bolstering demand for mid-to-high-end hotels, contributing significantly to higher occupancy rates. A notable trend is the resurgence of corporate and group travel, with companies increasingly organizing retreats and conferences to foster team cohesion and client relationships. This shift has led to a 6.8% year-over-year increase in revenue per available room during the first eight months of 2024. ?
Alongside the corporate resurgence, international tourism is playing a crucial role in the recovery. The U.S. has seen a marked increase in visitors from India, with Indian tourists flocking to American cities in record numbers. International tourism, particularly from emerging markets such as India, is also contributing to this growth. According to the U.S. National Travel and Tourism Office (NTTO), in the first ten months of 2024, nearly 1.9 million Indian tourists visited the U.S., marking a 48% increase from 2019. Hotels are adapting by offering amenities catering to these travelers, such as chai and samosas, enhancing their appeal to this burgeoning market.
Technology and sustainability are also key drivers of change. Hotels are adopting greener practices, from energy-efficient systems to eco-friendly amenities, to meet the rising demand for sustainability. At the same time, the integration of advanced technologies such as AI for personalized guest experiences and operational efficiency is becoming standard practice.
In summary, the U.S. hotels market is thriving amid shifting dynamics. Growth is being driven by both business and leisure travel, with a notable boost from international visitors. Innovation in technology and sustainability will continue to shape the future of the industry.Beyond tourism and business travel, the U.S. hotels market is increasingly shaped by sustainability and technological innovation. Hotels are embracing eco-friendly initiatives, from energy-efficient systems to waste reduction programs, as consumers become more conscio U.S. of their environmental impact. Sustainability is now a major selling point for travelers. Meanwhile, advancements in technology, such as the use of artificial intelligence (AI) for personalized experiences, smart room controls, and streamlined check-ins, are enhancing both guest satisfaction and operational efficiency. These innovations are making hotels more competitive in an increasingly tech-savvy market.
U.S. Hotels Market Report Highlights:
- The U.S. hotels market has experienced a robust recovery post-COVID, with demand for travel skyrocketing as restrictions eased. This resurgence is driven by pent-up consumer demand, increased leisure travel, and corporate travel's return. Hotel occupancy rates have significantly risen, which is driving the market growth in the country.
- Luxury hotels accounted for a majority of the overall hotel market in 2024. As the U.S. economy has seen growth in certain sectors, more travelers are willing to splurge on premium experiences, making luxury hotels more appealing. In addition, many people are choosing to stay in upscale properties for longer periods, contributing to the rise in demand for upscale stays.
- The U.S. hotels market has embraced technological innovations to improve guest experiences, streamline operations, and enhance revenue management. Post-pandemic, many hotels have incorporated contactless check-ins, room service ordering via apps, and digital keys. Smart hotel rooms equipped with IoT (Internet of Things) devices allow guests to control lighting, temperature, and entertainment systems from their mobile devices.
- Short-term rentals (STRs), especially platforms like Airbnb, have had a profound impact on the U.S. hotels market, introducing both competition and new opportunities. As the sharing economy grew, Airbnb and other rental platforms captured significant market share, especially in cities where hotel inventory was limited or expensive. This shift was initially accelerated by the COVID-19 pandemic, as travelers looked for alternatives to crowded hotels, preferring the privacy and flexibility offered by short-term rentals.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Price Range Outlook
- 2.3. Ownership Model Outlook
- 2.4. Booking Mode Outlook
- 2.5. Competitive Landscape Snapshot
Chapter 3. U.S. Hotels Market Variables and Trends
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Booking Channel Analysis & Trends
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.7. Market Entry Strategies
Chapter 4. U.S. Hotels Market: Price Range Estimates & Trend Analysis
- 4.1. U.S. Hotels Market, By Price Range: Key Takeaways
- 4.2. Price Range Movement Analysis & Market Share, 2024 & 2030
- 4.3. Market Estimates & Forecasts, by Price Range, 2018 - 2030 (USD Billion)
- 4.3.1. Economy
- 4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.2. Midscale
- 4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.3. Luxury and Upscale
- 4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.1. Economy
Chapter 5. U.S. Hotels Market: Ownership Model Estimates & Trend Analysis
- 5.1. U.S. Hotels Market, By Ownership Model: Key Takeaways
- 5.2. Ownership Model Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecasts, by Ownership Model, 2018 - 2030 (USD Billion)
- 5.3.1. Independent Hotels
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.2. Chain Hotels
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.1. Independent Hotels
Chapter 6. U.S. Hotels Market: Booking Mode Estimates & Trend Analysis
- 6.1. U.S. Hotels Market, By Booking Mode: Key Takeaways
- 6.2. Booking Mode Movement Analysis & Market Share, 2024 & 2030
- 6.3. Market Estimates & Forecasts, by Booking Mode, 2018 - 2030 (USD Billion)
- 6.3.1. Direct Booking
- 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2. Online Travel Agents and Agencies (OTAs)
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3. Marketplace Booking
- 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.1. Direct Booking
Chapter 7. U.S. Hotels Market: Competitive Analysis
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Participant's Overview
- 7.4. Financial Performance
- 7.5. Product Benchmarking
- 7.6. Company Market Share Analysis, 2024 (%)
- 7.7. Company Heat Map Analysis, 2024
- 7.8. Strategy Mapping
- 7.9. Company Profiles
- 7.9.1. Marriott International, Inc.
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Service Portfolios
- 7.9.1.4. Strategic Initiatives
- 7.9.2. Radisson Hotel Group
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Service Portfolios
- 7.9.2.4. Strategic Initiatives
- 7.9.3. Accor
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Service Portfolios
- 7.9.3.4. Strategic Initiatives
- 7.9.4. Rosewood Hotel Group
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Service Portfolios
- 7.9.4.4. Strategic Initiatives
- 7.9.5. Hilton Worldwide
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Service Portfolios
- 7.9.5.4. Strategic Initiatives
- 7.9.6. Hyatt Hotel Corporation
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Service Portfolios
- 7.9.6.4. Strategic Initiatives
- 7.9.7. Kimpton Hotels and Restaurants
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Service Portfolios
- 7.9.7.4. Strategic Initiatives
- 7.9.8. Belmond Management Limited
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Service Portfolios
- 7.9.8.4. Strategic Initiatives
- 7.9.9. Wyndham Hotel Group, LLC
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Service Portfolios
- 7.9.9.4. Strategic Initiatives
- 7.9.10. Ace Hotel
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Service Portfolios
- 7.9.10.4. Strategic Initiatives
- 7.9.1. Marriott International, Inc.
List of Tables
- Table 1. U.S. hotels market: Key market driver analysis
- Table 2. U.S. hotels market: Key market restraint analysis
- Table 3. U.S. hotels market estimates & forecast, 2018 - 2030, by price range (USD Billion)
- Table 4. Economy hotel market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 5. Midscale hotel market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 6. Luxury and Upscale hotel market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 7. U.S. hotels market estimates & forecast, 2018 - 2030, by ownership model (USD Billion)
- Table 8. Independent hotel market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 9. Chain hotel market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 10. U.S. hotels market estimates & forecast, 2018 - 2030, by booking mode (USD Billion)
- Table 11. U.S. hotels market estimates & forecast through direct booking, 2018 - 2030 (USD Billion)
- Table 12. U.S. hotels market estimates & forecast through online travel agents and agencies (OTAs), 2018 - 2030 (USD Billion)
- Table 13. U.S. hotels market estimates & forecast through marketplaces, 2018 - 2030 (USD Billion)
- Table 14. Recent developments & impact analysis, by key market participants
- Table 15. Company market share, 2024 (%)
- Table 16. Company heat map analysis, 2024
- Table 17. Companies implementing key strategies
List of Figures
- Fig. 1 U.S. hotels market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot
- Fig. 8 Regional snapshot
- Fig. 9 Competitive landscape Snapshot
- Fig. 10 Parent industry and U.S. hotels market size, 2024 (USD Billion)
- Fig. 11 U.S. hotels market: Value chain analysis
- Fig. 12 U.S. hotels market: Dynamics
- Fig. 13 U.S. hotels market: Porter's five forces analysis
- Fig. 14 U.S. hotels market, Price Range: Key takeaways
- Fig. 15 U.S. hotels market: Price Range movement analysis, 2024 & 2030 (%)
- Fig. 16 Economy hotel market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 17 Midscale hotel market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 18 Luxury and upscale hotel market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 19 U.S. hotels market, Ownership Model: Key takeaways
- Fig. 20 U.S. hotels market: Ownership Model movement analysis, 2024 & 2030 (%)
- Fig. 21 Independent hotels market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 22 Chain hotels market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 23 U.S. hotels market, Booking Mode: Key takeaways
- Fig. 24 U.S. hotels market: Booking Mode movement analysis, 2024 & 2030 (%)
- Fig. 25 U.S. hotels market estimates & forecast through direct booking, 2018 - 2030 (USD Billion)
- Fig. 26 U.S. hotels market estimates & forecast through online travel agents and agencies (OTAs), 2018 - 2030 (USD Billion)
- Fig. 27 U.S. hotels market estimates & forecast through marketplaces, 2018 - 2030 (USD Billion)
- Fig. 28 Key company categorization
- Fig. 29 Company market share analysis, 2024
- Fig. 30 The strategic framework of the U.S. hotels market
