How is the lodging industry organized?

Answer 1

The lodging industry is primarily organized into several segments, including hotels, motels, resorts, and vacation rentals, each catering to different customer needs and price points. Within these segments, establishments can be independently owned or part of larger chains or franchises that offer standardized services and branding. The industry also encompasses various classifications based on service level, such as luxury, midscale, and economy. Additionally, online travel agencies and platforms have transformed distribution and booking methods, impacting how lodging businesses operate and compete.