Skift Take
Except for the down year of 2020, the U.S. lodging sector has actually been performing robustly, with the short-term rental sector acquiring market share. Our company believe hotels will make a strong resurgence in 2022 relative to the short-term rental sector.
Varsha Arora
Skift Research estimates that the overall lodging sector in the U.S. produced $319.9 billion revenue in 2021 which will increase by 13% year-over-year in 2022. Amongst that, short-term rentals– short-term lodging in private houses or homes– reached almost $57.7 billion.
Skift Research released a series of travel sector approximates in 2019. Owing to the pandemic, 2020 and 2021 saw a plethora of changes in the industry with respect to require and supply. With this report, we aim to continue our efforts in supplying market sizes for the travel market. We are starting by focusing on lodgings, among the biggest and most important travel sectors.
Market share in the short-term accommodations sector increased from 10.5% in 2018 to 18% in 2021. However, our company believe that the hotel sector will make a strong return in 2022, indicating we will see a much smaller development in the share of the short-term rental sector.
Since of the pandemic, consumer choices have been volatile the previous few years. As the scenario progresses, the structure of the market with respect to how hotel and short-term rental sectors share the market will become more defined moving forward.
We arrive at our proprietary quotes by analyzing relevant information aggregated in our previous reports, in addition to lots of reputable sources, consisting of the U.S. Economic Census, U.S. Census Service Annual Study (SAS) and Quarterly Solutions Study (QSS), and company filings.
What You’ll Learn From This Report
- U.S. accommodation sector market size quotes, 2018– 2022
- U.S. market size approximates for hotels and short-term leasings, 2018– 2022
- U.S. market size estimates for hotels and motels, gambling establishment hotels, B&B, and other traveler lodging sectors, 2018– 2021
- Secret hotel sector operational and efficiency estimates for 2021, including variety of business, homes, and corresponding earnings
- Analysis of the U.S. Economic Census data
This is the current in a series of reports and information items that Skift Research study puts out to assist you comprehend the patterns in the travel market. Tap into the viewpoints and insights of our skilled network of staffers and contributors. Over 200 hours of desk research study, data collection, and/or analysis goes into each report.
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