Upscale & Luxury Hotels Industry Overview

Companies that develop, own, manage, and/or operate luxury and upscale hotels.

Full Upscale & Luxury Hotels 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 Upscale & Luxury Hotels Industry Trends

• Adam's Mark Hotels & Resorts
• Carlson Hotels Worldwide
• Chateau Elan Resorts, LLC

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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 Upscale & Luxury Hotels maps to a number of NAICS codes including:

Full Upscale & Luxury Hotels Industry Codes

• American Hotel & Lodging Association
  
• International Hotel & Restaurant Association
  

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