Accommodation and Food Services in the US - Market Research Report (2014-2029)

Home sweet home: Improved economic conditions will support industry growth as consumer spending and corporate profit rise

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Accommodation and Food Service sector provides consumers with basic lodging accommodations and prepare meals or other food services when consumers are away from home. This sector comprises 15 industries within the US economy, encompassing all aspects of accommodation providers and food services establishments. Despite basic commonalities, different levels of service are provided across the industries. For example, the Hotels and Motels industry provides very different services than the Fast Food Restaurants industry (72221a), though they both operate within this sector.

This sector is primarily occupied with providing lodging and food services to consumers for immediate consumption. This includes hotels, motels and other accommodation formats along with full-service restaurants, limited-service restaurants, food contractors and drinking places. This sector excludes civic and social organizations and entertainment facilities, such as theaters and amusement parks, that provide food services as a secondary product.