US Hospitality Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

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)

US Hospitality Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

United States Hospitality Market Size

US Hospitality Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 247.45 Billion
Market Size (2030) USD 313.87 Billion
CAGR (2025 - 2030) 4.87 %
Market Concentration Low

Major Players

US Hospitality Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of US Hospitality Market with other markets in Hospitality and Tourism Industry

Travel and Tourism

Hospitality

United States Hospitality Market Analysis

The US Hospitality Market size is estimated at USD 247.45 billion in 2025, and is expected to reach USD 313.87 billion by 2030, at a CAGR of 4.87% during the forecast period (2025-2030).

The US hospitality industry encompasses diverse segments: lodging, F&B services, event planning, entertainment, and tourism. In recent years, the sector witnessed robust growth, buoyed by strong consumer spending, low unemployment, and a surge in domestic and international travel.

While leisure travel rebounded swiftly, business travel lagged, as consumers favored domestic locales and outdoor experiences. This preference shift shaped the recovery paths of hotels, resorts, vacation rentals, and outdoor recreational businesses. Technology emerged as a key driver, with digital platforms facilitating bookings, contactless payments, and elevating guest experiences. The F&B sector swiftly adapted to evolving consumer trends, placing a premium on off-premises options like takeout, delivery, and al fresco dining. Restaurants embraced technology, bolstering online ordering and contactless payment systems to prioritize customer safety and convenience.

United States Hospitality Industry Overview

The competitive landscape of the US hospitality industry is dynamic and diverse, with numerous players competing across various sectors. The industry is further influenced by emerging trends such as the rise of alternative lodging options (e.g., Airbnb), the integration of technology to enhance guest experiences, sustainability initiatives, and changing consumer preferences for personalized and unique travel experiences. Marriott International, Hilton Worldwide Holdings, InterContinental Hotels Group (IHG), Choice Hotels International Inc., and Wyndham Hotels & Resorts are significant players in the US hospitality industry.

United States Hospitality Market Leaders

  1. Marriott International

  2. Hilton Worldwide

  3. Wyndham Hotels & Resorts

  4. InterContinental Hotels Group (IHG)

  5. Choice Hotels International Inc.

  6. *Disclaimer: Major Players sorted in no particular order
US Hospitality Market Concentration
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United States Hospitality Market News

  • September 2023: IHG Hotels & Resorts opened a new Holiday Inn property in South Philadelphia following a conversion and renovation. Located minutes from Philadelphia International Airport and within walking distance of the city’s primary sports and entertainment facilities complex (which includes Lincoln Financial Field, Citizens Bank Park, and Wells Fargo Center), Holiday Inn Philadelphia Airport Stadium Area delivers a convenient, comfortable, and welcoming experience appropriate for the “City of Brotherly Love.”
  • August 2023: Wyndham Hotels & Resorts and LuxUrban Hotels Inc., a leading hotel operator with a growing portfolio of nearly two dozen assets in key urban markets across the United States, announced a newly signed deal to bring 16 LuxUrban hotels, representing approximately 1,400 rooms, into the Trademark Collection by Wyndham brand.

US Hospitality Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Tourism Increasing Demand for Hospitality Services
    • 4.2.2 Consistent Demand for Business Travel and Corporate Hospitality Services
  • 4.3 Market Restraints
    • 4.3.1 Stringent Government Policies and Regulations Limiting the Market Growth
    • 4.3.2 Lack of Skilled Labor is a Challenge for the Market
  • 4.4 Market Opportunities
    • 4.4.1 Integration of Technology Such as AI, Automation, and Data Analytics
    • 4.4.2 Rising Trend of Personalized Travel Experiences and Experiential Tourism
  • 4.5 Value Chain Analysis
  • 4.6 Industry Attractiveness: Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Impact of COVID-19 on the Market
  • 4.8 Insights Into Technological Advancements in the Industry

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Chain Hotels
    • 5.1.2 Independent Hotels
  • 5.2 By Segment
    • 5.2.1 Service Apartments
    • 5.2.2 Budget and Economy Hotels
    • 5.2.3 Mid and Upper Mid-Scale Hotels
    • 5.2.4 Luxury Hotels

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Marriott International
    • 6.2.2 Hilton Worldwide
    • 6.2.3 Wyndham Hotels & Resorts
    • 6.2.4 InterContinental Hotels Group (IHG)
    • 6.2.5 Choice Hotels International
    • 6.2.6 Best Western Hotels & Resorts
    • 6.2.7 Hyatt Hotels Corporation
    • 6.2.8 G6 Hospitality
    • 6.2.9 Aimbridge Hospitality
    • 6.2.10 Airbnb*
  • *List Not Exhaustive

7. FUTURE MARKET TRENDS

8. DISCLAIMER AND ABOUT US

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United States Hospitality Industry Segmentation

The hospitality industry encompasses businesses and establishments primarily providing accommodation, food and beverage services, entertainment, event planning, and other related services to travelers, tourists, and local patrons. The US hospitality industry is segmented by type and segment. By type, the market is segmented into chain hotels and independent hotels. The market is segmented into service apartments, budget, and economy hotels, mid and upper-mid-scale hotels, and luxury hotels. The report offers market size and forecasts for the US hospitality industry in value (USD) for all the above segments.

By Type Chain Hotels
Independent Hotels
By Segment Service Apartments
Budget and Economy Hotels
Mid and Upper Mid-Scale Hotels
Luxury Hotels
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US Hospitality Market Research Faqs

How big is the US Hospitality Market?

The US Hospitality Market size is expected to reach USD 247.45 billion in 2025 and grow at a CAGR of 4.87% to reach USD 313.87 billion by 2030.

What is the current US Hospitality Market size?

In 2025, the US Hospitality Market size is expected to reach USD 247.45 billion.

Who are the key players in US Hospitality Market?

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

What years does this US Hospitality Market cover, and what was the market size in 2024?

In 2024, the US Hospitality Market size was estimated at USD 235.40 billion. The report covers the US Hospitality Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the US Hospitality Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

US Hospitality Industry Report

The United States hospitality market is experiencing significant growth, driven by diverse factors across its segments including accommodation, food and beverage services, entertainment, and tourism. This industry plays a vital role in the nation's economy by providing substantial employment opportunities and contributing to the GDP. The market caters to a wide range of needs from business and leisure travelers to group and long-term stay travelers, with key segments including hotels, motels, resorts, vacation rentals, and bed and breakfasts. These segments offer services ranging from full-service to budget options. The expansion of the market is fueled by increasing disposable incomes, a thriving tourism sector, and technological advancements that enhance guest experiences. However, it faces challenges such as labor shortages, regulatory hurdles, and seasonal fluctuations. Despite these obstacles, the market is poised for robust growth, leveraging technology and innovative service offerings to meet the evolving preferences of modern travelers. For detailed statistics, market share, size, and revenue growth rate, refer to industry reports by Mordor Intelligence™, which include market forecasts, outlooks, and historical overviews available as free report PDF downloads. Key trends in the hotel industry and the performance of hospitality companies in the USA further underscore the dynamic nature of this sector.