Market Research, Marketing and Online Sales

Hotel industry statistics: Guide for hotels

SiteMinder

DECEMBER 4, 2023

Online sales in the hotel segment will generate 80% of total revenue in 3 years. Here are some other key stats on the US hotel industry: The hotel market in the US is worth more than $106 billion. By 2027, more than 160 million ‘users’ will be a part of the hotel market. Hotel market revenue is worth close to $22 billion.

Occupancy

Occupancy Hotels Average Length of Stay Revenue

Parking as a source of revenue for hotels

Hotel Business

JUNE 27, 2023

Conduct market research to understand local trends and assess whether other hotels in your competitive set charge for parking. Rate optimization: Analyzing historical data, market trends and competitor pricing to determine the optimal rate for your parking spaces.

Revenue

Revenue Hotels KPI Revenue Management

Hotel Sales Focus

Hotel industry statistics: Guide for hotels

Parking as a source of revenue for hotels

Webinars

Stay Connected