{"product_id":"hotels-motels-resorts","title":"Hotels, Motels \u0026 Resorts","description":"\u003cp\u003eHotels, Motels \u0026amp; Resorts\u003cbr\u003e\nBrief Excerpt from Industry Overview Chapter:\u003c\/p\u003e\n\n\u003cp\u003eCompanies in this industry are engaged in providing short-term lodging in facilities known as hotels, motor hotels, resort hotels, and motels. Major companies include Choice Hotels, Hilton, Hyatt, Marriott International, and Wyndham (all based in the US), as well as Accor (France); IHG Hotels \u0026amp; Resorts and Whitbread (both based in the UK); Jin Jiang International (China); and NH Hotel Group (Spain).\u003c\/p\u003e\n\n\u003cp\u003eCOMPETITIVE LANDSCAPE\u003c\/p\u003e\n\n\u003cp\u003eHotels, motels, and resorts are benefiting from global increases in tourist travel, but the incursion of short-term rental services such as Airbnb is disrupting the industry in markets around the world. Online travel agencies like Expedia have also influenced the competitive dynamic of the US industry by siphoning off revenue in the form of commissions that hotels must pay on each booking. Both of these trends disproportionately affect large hotel chains, which are fighting for stricter regulation of private rentals while negotiating more favorable contracts with third-party booking websites.\u003c\/p\u003e\n\n\u003cp\u003ePRODUCTS, OPERATIONS \u0026amp; TECHNOLOGY\u003c\/p\u003e\n\n\u003cp\u003eMajor product lines are room accommodation, which accounts for about 90% of industry revenue. Sales of meals, snacks, and other food items account for more than 5%. Other products and services include alcoholic beverages, parking services and nonresidential space rental and leasing.\u003c\/p\u003e","brand":"Travel \u0026 Leisure","offers":[{"title":"August, 2023 \/ - \/ MCW16196889","offer_id":47560629846322,"sku":null,"price":155.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/hotels-motels-resorts","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}