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Industry Analysis Paper

Hotels, Rooming Houses, Camps, and Other Lodging Places
SIC Code 70


Table of Contents

1. Introduction (Very Important)

2. The Industry's Dominant Economic Features
• Market size
Answer: In terms of revenue $90 billion
• Scope of rivalry
Answer: Rivalry is very high in this industry because there are many firms that have very similar products

• Growth rate and what stage of the life cycle is the industry in
Answer: In terms of revenue 3.2% growth, the industry is in the emerging industry stage of the life cycle because the industry is re-emerging as international and domestic travel are continuing to grow, the hotel industry will grow along with it.

• Number of rivals and their relative size
Answer: There are hundreds of different hotel chains, but there are 6 major players in the industry. The top firms in the industry make up approximately 20% of the entire industry.

• Prevalence of forward/backwards integration,......

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Approximate Word Count: 1492
Approximate Pages: 6 (250 words per double-spaced page)

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