US Lodging Service Revenues to Reach $185 Billion in 2021

CLEVELAND, March 27, 2017 /PRNewswire/ -- 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.

To illustrate historical trends, total revenues and the various segments are provided in annual series from 2006 to 2016.

More information about the report is available at
https://www.freedoniafocusreports.com/Lodging-Services-United-States-10693850/

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output
• segmentation by products and markets
• identification of market drivers, constraints, and key indicators
• segment-by-segment outlook in five-year forecasts
• a survey of the supply base
• suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-lodging-service-revenues-to-reach-185-billion-in-2021-300429886.html

SOURCE The Freedonia Group