Bleisure Travel
Search documents
US Hospitality Market Forecast to Reach USD 313.87 Billion by 2030: Driven by Growing Domestic Travel and Shift to Online Bookings
Medium· 2025-11-07 05:59
Industry Overview - The US hospitality market is valued at USD 247.45 billion in 2025 and is projected to reach USD 313.87 billion by 2030, growing at a CAGR of 4.9% [1] - The growth is driven by increasing demand for travel and accommodation services, particularly domestic tourism and bleisure travel [1][3] Key Trends - **Growing Domestic and Bleisure Travel**: Domestic leisure travel is dominating the market, with bleisure travel gaining traction as business trips are extended for leisure purposes, leading to increased hotel occupancy and revenue [3] - **Rise of Extended-Stay and Hybrid Accommodations**: There is a growing preference for extended-stay hotels and hybrid models that combine serviced apartments with hotel amenities, catering to diverse traveler preferences [4] - **Technology and Digital Integration**: The adoption of technology, including online booking platforms and AI-powered tools, is enhancing guest experiences and operational efficiency [5] - **Strategic Expansion and Resilient Infrastructure**: Operators are utilizing asset-light strategies like franchising to expand while investing in climate-resilient infrastructure to mitigate environmental risks [7] Market Segmentation - The market is segmented by various factors including chain scale, service type, end-user categories, and distribution channels, allowing operators to target niche markets effectively [8] Key Players - Major players in the US hospitality market include Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group (IHG), and Choice Hotels International, each with distinct market strategies and service offerings [11] Conclusion - The US hospitality market is poised for steady growth, driven by evolving traveler expectations and strategic adaptations by market participants, presenting significant opportunities for investment and development [10]
