Accommodation & Food Services

This sector comprises establishments that provide customers with lodging and/or prepare meals, snacks and beverages for immediate consumption.

 

Accommodation & Food Services

Output ($b)1 IVA ($b)2 Market Size3 Employment (m)* Wages & Benefits ($m)* EBITDA ($m)4
$340.7 $133.1 10/18 1,226 $43.8 $92.7

Sector Overview

The Accommodation and Food Services sector comprises establishments that provide customers with lodging and/or preparing meals, snacks and beverages for immediate consumption. The sector includes both accommodation and food services firms because the two activities are often combined at the same establishment.

Accommodation – Industries in this subsector provide lodging or short-term accommodations for travelers, vacationers and others. The subsector is organized into three industry groups: traveler accommodation, recreational accommodation and rooming and boarding houses. The traveler accommodation group includes establishments that primarily provide traditional types of lodging. This group includes hotels, motels and bed and breakfast inns. The recreational group includes establishments that operate lodging facilities primarily designed to accommodate outdoor enthusiasts. Included are travel trailer campsites, recreational vehicle parks and outdoor adventure retreats. The rooming and boarding houses group includes establishments providing temporary or longer-term accommodations, which for the period of occupancy, may serve as a principal residence.

Food Services and Drinking Places – Industries in this subsector prepare meals, snacks and beverages to customer order for immediate on-premises and off-premises consumption. There is a wide range of establishments in these industries. Some provide food and drink only; while others provide various combinations of seating space, waiter/waitress services and incidental amenities, such as limited entertainment.

LARG Industry Reports

Los Angeles Research Group provides 11 industry reports detailing the Accommodation and Food Services sector. Each report contains detailed information on output, employment, enterprises, establishments, assets, liabilities and profitability. LARG’s industry reports also provide in-depth information on market share concentrations, business structure (e.g., corporations, sole-proprietorships, partnerships), key economic indicators, supply chain data, debt ratios and new entrant trends, including survivor rates (i.e., percentage of new businesses that last longer than five years).

In addition to LARG’s standardized report information, LARG’s industry reports in the Accommodation and Food Services sector also provide specialized statistics, including detailed information on franchises, concession operators, guestroom sizes, average meal costs and primary food offerings. For more information on a particular industry, please click on the appropriate industry below.

Sector Growth5

Sector Cost Structure*

 
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