|WASHINGTON - Sept. 29, 1999 -The American Hotel Motel Association
(AHMA) released its annual Lodging Industry Profile (LIP), a statistical
analysis of the lodging industry for year-end 1998.
According to the LIP, 1998 was the most profitable year ever for the
lodging industry, netting $20.9 billion in pretax dollars—nearly 23 percent
more than in 1997 and nearly double the amount in 1996. The LIP lists the
industry’s total revenue, employment impact, average occupancy rate, average
room rate, and other resourceful facts about the lodging and travel and
After suffering losses a decade ago because of declining occupancies
and slowing revenue per available room (RevPar) growth, the industry continues
to advance steadily. Total industry revenue rose from $62.8 billion in
1990 to $93.1 billion in 1998.
Other facts found in the 1998 LIP:
Information contained in the 1998 LIP is based on data provided by D.K.
Shifflet Associates, Ltd., Smith Travel Research, the Travel Association
of America, and the U.S. Department of Commerce’s Office of Tourism Industries/International
There are 51,000 properties consisting of 3.9 million rooms.—The lodging
industry supports more than seven million jobs— totaling $20.2 billion
The tourism industry is currently the third largest retail industry, behind
automotive and food stores. In 32 states, the tourism industry also ranks
as the first, second, or third largest employer.
Tourism generated $495.1 billion in sales—excluding nearly $20 billion
in international travelers’ spending on U.S. air travel.
For a free copy of the LIP, call the AHMA fax-on-demand service at (800)
701-7725, document No. 10, or the AHMA Information Center at (202) 289-3193.
A full copy can also be found on the AHMA Web site, www.ahma.com.
AHMA, founded in 1910, is a federation of state lodging associations
throughout the United States, with some 11,000 members worldwide, representing
more than 1.4 million rooms. AHMA provides operations, technical, educational,
marketing, and communications services plus governmental affairs representation
to the lodging industry.