Hotel Industry Information
In recent years, hotels, motels, camps, and recreational and RV parks affiliated
with national chains have been growing rapidly. To the traveler, familiar chain
establishments represent dependability and quality at predictable rates. National
corporations own many chains, although several others are independently owned
but affiliated with a chain through a franchise agreement.
Lodging Tips & Questions
Wage and salary employment in hotels and other accommodations is expected to increase
by 17 percent over the 2002-12 period, compared with 16 percent growth projected
for all industries combined. Recently, business and leisure travelers have cut
back on travel due to the weak economy and security concerns. However, over the
long-run, travel should pick up as the economy improves and people feel more comfortable
about traveling again. In addition, as more States legalize some form of gambling,
the hotel industry will increasingly invest in gaming, further fueling job growth.