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Sunday, October 16, 2022
Hawaii highest earning hotels in USA
By News Release @ 4:53 AM :: 1731 Views :: Hawaii Statistics, Tourism

The US states with the highest earning hotel businesses 

News release from  10/12/2022

A new study has revealed the states where hotel businesses are making the most revenue each year.

As the hospitality industry continues to boom, with the US market currently valued at a staggering $93.07B, new data reveals which US states have the highest earning hotel businesses; making the most annual revenue.  

HotelTechReport analyzed industry data for each US state, finding that Hawaii hotel businesses make the most revenue overall, with each business raking in $25,811,058 on average per year.

In Hawaii, there are just 277 hotel businesses, in comparison to California which has 11 times more. 

The 10 states with the highest earning hotel businesses 

Geography  Number of hotel businesses  Total number of hotel employees  Number of hotel businesses as percentage of total businesses  Revenue per hotel business ($) 
Hawaii  277  4,067  0.55%  25,811,058 
District of Columbia  119  15,158  0.49%  21,617,731 
New York  2,314  87,725  0.34%  6,259,171 
Florida  3,485  179,522  0.41%  5,978,995 
Massachusetts  794  30,106  0.28%  5,576,243 
California  5,825  228,964  0.35%  5,166,619 
Illinois  1,471  50,537  0.36%  4,424,841 
Nevada  439  18,199  0.43%  4,378,326 
Arizona  1,082  44,384  0.55%  4,352,384 
Maryland  689  21,569  0.38%  3,875,148 
Colorado  1,354  48,346  0.57%  3,791,210 

Despite having the fewest hotel businesses out of all 50 states, the District of Columbia takes second place when it comes to annual revenue, with each booming business making $21,617,731 per year on average.  

New York takes third place, however, due to the high number of hotel businesses in the state (2,314) each individual business makes more than three times less revenue ($6,259,171)  than those in Hawaii or DC. 

Florida and Massachusetts take the next two spots, with business here making similar amounts of revenue. However, when considering the number of hotel businesses in relation to the number of total businesses in the states, Florida has much more (0.41% compared to 0.28%).  

California hotel businesses make just over $5M in revenue, with this state employing the most hotel staff. 228,964 people currently work for hotel businesses in the state, which is phenomenal when compared to Delaware which has the lowest number, with 4,023 employees overall.  

Each hotel business in Illinois, Nevada, Arizona is generating over $4M per year in revenue, whilst those in Maryland each generate $3,875,148 on average. 

In which states do hotel businesses make the least revenue? 

Geography  Number of hotel businesses  Total number of hotel employees  Number of hotel businesses as percentage of total businesses  Revenue per hotel business ($) 
Mississippi  689  9,806  0.88%  1,067,190 
Arkansas  718  10,601  0.73%  1,120,060 
South Dakota  442  6,574  1.17%  1,147,817 
Kansas  624  10,147  0.67%  1,274,149 
Iowa  751  12,763  0.69%  1,288,691 
North Dakota  306  5,267  0.92%  1,300,853 
Oklahoma  864  13,444  0.72%  1,399,120 
Nebraska  455  7,365  0.58%  1,463,352 
West Virginia  317  7,182  0.57%  1,541,628 
Montana  515  9,559  0.90%  1,546,082

Hotel businesses in Mississippi make the least revenue each year overall, with each business making $1,067,190. Interestingly, this state has a higher proportion of hotel businesses than any other state in the top 10, making up 0.88% of all total businesses.  

North Dakota also makes the least amount of revenue ($1,300,853) and has the second lowest number of hotel staff overall, with just 5,267 people working for the 306 hotel businesses in the state. In proportion to the total number of businesses, however, the percentage of hotels is fairly high (0.92%) when compared to Massachusetts which has the lowest proportion (0.28%).   

A spokesperson from HotelTechReport commented on the findings: “As the US hotel market continues to skyrocket, it’s interesting to see the industry’s footprint in each state, and the differences across the country, from revenue through to number of employees. Hawaii is a very popular destination with some of the world’s most luxurious resorts, so it’s fascinating to see the financial impact of the hotels in the state, which is even more impressive when compared to other major tourist destinations like New York and Florida.” 

The study was conducted by HotelTechReport, a site that allows users to review, compare and evaluate top hotel management software providers.   

read … Full Release


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