Accommodation & Food Services Industry: Statistics, Forecasts, and Company Data

Accommodation & Food Services - Market Size and Industry Forecast

The 2023 Accommodation and Food Services Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the accommodation & food services industry.

	Historical					Forecasted
	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data.



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Accommodation & Food Services - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Accommodation & Food Services companies in the United States.

Distribution by Company Size

Company Size	All Industries	Accommodation & Food Services
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Accommodation & Food Services - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Accommodation & Food Services - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Accommodation & Food Services - Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%
Chief Executives	0%
General and Operations Managers	1%
Protective Service Occupations	6%
Other Protective Service Workers	5%
Security Guards and Gaming Surveillance Officers	5%
Security Guards	5%
Food Preparation and Serving Related Occupations	25%
Supervisors of Food Preparation and Serving Workers	7%
Supervisors of Food Preparation and Serving Workers	7%
First-Line Supervisors of Food Preparation and Serving Workers	6%
Cooks and Food Preparation Workers	5%
Cooks	5%
Cooks, Institution and Cafeteria	6%
Cooks, Restaurant	10%
Cooks, All Other	7%
Food Preparation Workers	7%
Food Preparation Workers	7%
Food and Beverage Serving Workers	12%
Bartenders	44%
Bartenders	44%
Fast Food and Counter Workers	29%
Combined Food Preparation and Serving Workers, Including Fast Food	26%
Counter Attendants, Cafeteria, Food Concession, and Coffee Shop	6%
Waiters and Waitresses	7%
Waiters and Waitresses	7%
Other Food Preparation and Serving Related Workers	5%
Dining Room and Cafeteria Attendants and Bartender Helpers	6%
Dining Room and Cafeteria Attendants and Bartender Helpers	6%
Dishwashers	6%
Dishwashers	6%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop	7%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop	7%
Building and Grounds Cleaning and Maintenance Occupations	28%
Building Cleaning and Pest Control Workers	25%
Building Cleaning Workers	25%
Maids and Housekeeping Cleaners	23%
Grounds Maintenance Workers	9%
Grounds Maintenance Workers	9%
Landscaping and Groundskeeping Workers	9%
Personal Care and Service Occupations	8%
Supervisors of Personal Care and Service Workers	5%
Entertainment Attendants and Related Workers	16%
Gaming Services Workers	15%
Gaming Dealers	13%
Other Personal Care and Service Workers	11%
Recreation and Fitness Workers	11%
Recreation Workers	11%
Residential Advisors	10%
Residential Advisors	10%
Sales and Related Occupations	6%
Retail Sales Workers	5%
Office and Administrative Support Occupations	18%
Information and Record Clerks	13%
Hotel, Motel, and Resort Desk Clerks	12%
Hotel, Motel, and Resort Desk Clerks	12%
Other Office and Administrative Support Workers	6%
Office Clerks, General	6%
Office Clerks, General	6%
Installation, Maintenance, and Repair Occupations	5%
Other Installation, Maintenance, and Repair Occupations	13%
Maintenance and Repair Workers, General	13%
Maintenance and Repair Workers, General	13%

Government Contracts

In the past, the federal government spent an annual total of $1,325,827,010 on the accommodation & food services industry. It has awarded 23,587 contracts to 3,658 companies, with an average value of $362,446 per company.

Accommodation & Food Services and Adjacent Industries - Top Companies

Company	Address	Revenue ($ Millions)