2024 Accommodation & Food Services Industry Research Report

Accommodation & Food Services - Market Size and Industry Forecast

The 2024 Accommodation and Food Services Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the accommodation & food services industry.

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.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

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.

Accommodation & Food Services Revenue by State

Market Size by State

Distribution by Company Size

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

Industry AveragePercent 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

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Accommodation & Food Services - Financial Ratio Analysis

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

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
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

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations4%


Chief Executives0%
General and Operations Managers1%
Protective Service Occupations6%
Other Protective Service Workers5%
Security Guards and Gaming Surveillance Officers5%
Security Guards5%
Food Preparation and Serving Related Occupations25%
Supervisors of Food Preparation and Serving Workers7%
Supervisors of Food Preparation and Serving Workers7%
First-Line Supervisors of Food Preparation and Serving Workers6%
Cooks and Food Preparation Workers5%
Cooks, Institution and Cafeteria6%
Cooks, Restaurant10%
Cooks, All Other7%
Food Preparation Workers7%
Food Preparation Workers7%
Food and Beverage Serving Workers12%
Fast Food and Counter Workers29%
Combined Food Preparation and Serving Workers, Including Fast Food26%
Counter Attendants, Cafeteria, Food Concession, and Coffee Shop6%
Waiters and Waitresses7%
Waiters and Waitresses7%
Other Food Preparation and Serving Related Workers5%
Dining Room and Cafeteria Attendants and Bartender Helpers6%
Dining Room and Cafeteria Attendants and Bartender Helpers6%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop7%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop7%
Building and Grounds Cleaning and Maintenance Occupations28%
Building Cleaning and Pest Control Workers25%
Building Cleaning Workers25%
Maids and Housekeeping Cleaners23%
Grounds Maintenance Workers9%
Grounds Maintenance Workers9%
Landscaping and Groundskeeping Workers9%
Personal Care and Service Occupations8%
Supervisors of Personal Care and Service Workers5%
Entertainment Attendants and Related Workers16%
Gaming Services Workers15%
Gaming Dealers13%
Other Personal Care and Service Workers11%
Recreation and Fitness Workers11%
Recreation Workers11%
Residential Advisors10%
Residential Advisors10%
Sales and Related Occupations6%
Retail Sales Workers5%
Office and Administrative Support Occupations18%
Information and Record Clerks13%
Hotel, Motel, and Resort Desk Clerks12%
Hotel, Motel, and Resort Desk Clerks12%
Other Office and Administrative Support Workers6%
Office Clerks, General6%
Office Clerks, General6%
Installation, Maintenance, and Repair Occupations5%
Other Installation, Maintenance, and Repair Occupations13%
Maintenance and Repair Workers, General13%
Maintenance and Repair Workers, General13%

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

($ Millions)


Accommodation & Food Services Industry Report
GeographyUnited States  
Publication DateFebruary 2024
Report FormatPDF Download  PDF

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