Sunday, April 10, 2011

Accounting and Financial Statements

The US lodging industry is the largest in the global hotel industry. In 2009, there were about 13 million hotel rooms globally at some 128,000 hotels. Global revenues were greater than $300 billion. We estimate that more than 450 commercial casinos operate in the US. . This excludes facilities that primarily emphasize bingo, as well as other facilities where casino-type activity is limited to gaming machines.


5 key industry players are InterContinental Hotels Group, Wyndham Worldwide, Marriott International, Hilton Hotels, Accor S.A.


This industry was radically declined during the 2009, because the global crisis dropped in overseas visitor arrivals. In 2009, a drop in overseas visitor arrivals exacerbated weak demand for rooms by US residents. Despite the weak dollar, overseas visitors to the United States fell 6% in 2009 to 23.8 million from 25.3 million in 2008, according to the US Department of Commerce’s Office of Travel and Tourism Industries. The United Nations World Tourism Organization (UNWTO) estimates that direct expenditures by all foreign visitors to the US (a category that includes spending on more than lodging and gaming) decreased 23% in 2009.

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