Major Group SIC 70 - Hotels, Rooming Houses, Camps, And Othe...

SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places

SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes commercial and noncommercial establishments engaged in furnishing lodging, or lodging and meals, and camping space and camping facilities.

Industry trends:

The NAICS 70 industry, encompassing hotels, rooming houses, camps, and other lodging places, has been significantly impacted by several qualitative trends. One major trend is the growing emphasis on sustainable and eco-friendly practices. Consumers are increasingly seeking accommodations that prioritize environmental conservation, leading many establishments to adopt green certifications, reduce waste, and utilize renewable energy sources.

Another notable trend is the integration of advanced technology to enhance guest experiences. From mobile check-ins and digital keyless entry to AI-driven customer service and personalized marketing, technology is reshaping how lodging businesses interact with their customers. This trend not only improves operational efficiency but also meets the expectations of tech-savvy travelers.

There is also a shift towards offering more personalized and unique guest experiences. Travelers now prefer boutique hotels, themed stays, and curated local experiences over traditional accommodations. This trend caters to the increasing demand for authentic and memorable travel experiences.

Looking into the near future, the industry is expected to see continued growth in domestic tourism, particularly as people remain cautious about international travel in the post-pandemic era. Additionally, there is a forecasted rise in "workcation" or "bleisure" travel, with more individuals combining work and leisure during their stays.

Overall, the NAICS 70 industry is evolving to meet the dynamic preferences of modern travelers, with a strong focus on sustainability, technological innovation, personalized experiences, and the blending of work and leisure travel habits.

This industry is comprised of:

SIC 701 - Hotels And Motels

SIC 702 - Rooming And Boarding Houses

SIC 703 - Camps And Recreational Vehicle Parks

SIC 704 - Organization Hotels And Lodging

Explore related industries:

SIC 09 - Fishing, Hunting, And Trapping SIC 47 - Transportation Services SIC 58 - Eating And Drinking Places

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