Just how big is the hotel industry? Steve Hennis, director of HNN sister company, STR Analytics, breaks it down.

1. THESIZEOF THE
U.S. HOTEL INDUSTRY
Just how big is the hotel industry?
Steve Hennis, director of HNN sister company, STR Analytics, breaks it down.
THESE HOTELS HOUSE:
U.S. hotel industry
is composed of 54,000 PROPERTIES
with close to 5MILLIONrooms.
12,000+
restaurants
22,000+
pools
APPROX.
1,700
spas
122 mil+
sq. ft. of meeting space
In a calendar year, there are more than 1.8BILLION rooms available
This is enough to provide EVERY AMERICAN
with his or her own room for almost 6 DAYS
The average hotel has 94ROOMS, comprises a 57,000 sq. ft. building that
is 3.5 stories tall and sits on 2.9 acres of land.
If all of the hotels in the U.S. were
stacked on top of each other,
they would reach the
HUBBLE SPACE TELESCOPE
orbiting 343 miles above the earth.
The industry generated $177BILLION in revenue in 2014, including $132BILLION
in room revenue.
the estimated real estate value of the hotel industry was
a whopping $725BILLION.
At the end of
2014
This equates to a cap rate of 6.2% on 2014 net
operating income for the industry and a value
per room of $146,000.
© 2015 STR, Inc. All Rights Reserved. illustrations: jon edwards
Sources: STR, STR Analytics, 2015 HOST Almanac, 2015 Hotel Transaction Almanac, U.S. Bureau
of Labor Statistics, U.S. Census Bureau, International Olympic Committee, Zillow