Lodging Industry Overview

Companies that develop, own, manage, and/or operate lodging facilities, including motels and full-service hotels.

Summary

If your baby leaves you and you need a new place to dwell, these companies offer many more options than the Heartbreak Hotel. The lodging industry includes a broad cross-section of companies that own, manage, or franchise hotels and resort properties offering a variety of amenities for business and leisure travelers.

Full Lodging Industry Description

Acquisitions, Consolidation

Hotel chains' marketing efficiencies drive acquisitions, and increasingly, so do REITs. The number of unaffiliated, independent hotels decreased more than 30 percent over a recent 10-year period. REIT managers acquire companies to take them private or, conversely, to take them public; the trend goes in cycles. In times of tight capital markets or slower hotel profit growth, consolidation usually slows but doesn't stop.

Full Lodging Industry Trends

• Lane Industries, Inc.
• Adam's Mark Hotels & Resorts
• American Property Management Corporation

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Lodging maps to a number of NAICS codes including:

Full Lodging Industry Codes

• International Hotel & Restaurant Association
  

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