NAICS Code 237210-01 - Hotel & Motel Developers

Marketing Level - NAICS 8-Digit

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NAICS Code 237210-01 Description (8-Digit)

Hotel & Motel Developers are companies that specialize in the development of hotels and motels. This involves the planning, design, construction, and financing of these establishments. Hotel & Motel Developers work closely with architects, engineers, contractors, and investors to ensure that the project is completed on time and within budget. They also conduct market research to determine the feasibility of the project and to identify potential customers. Hotel & Motel Developers may also be involved in the management and operation of the hotel or motel after it is completed.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 237210 page

Tools

Tools commonly used in the Hotel & Motel Developers industry for day-to-day tasks and operations.

  • CAD software
  • Project management software
  • Financial modeling software
  • Market research tools
  • Construction management software
  • Building information modeling (BIM) software
  • Site analysis tools
  • Budgeting and forecasting software
  • Customer relationship management (CRM) software
  • Energy modeling software

Industry Examples of Hotel & Motel Developers

Common products and services typical of NAICS Code 237210-01, illustrating the main business activities and contributions to the market.

  • Boutique hotels
  • Luxury resorts
  • Budget motels
  • Extended stay hotels
  • Conference centers
  • Bed and breakfasts
  • Casino hotels
  • Airport hotels
  • Theme park hotels
  • Eco-friendly hotels

History

A concise historical narrative of NAICS Code 237210-01 covering global milestones and recent developments within the United States.

  • The Hotel & Motel Developers industry has a long and rich history dating back to the early 20th century. In the 1920s, the first motels were built in the United States, providing travelers with a convenient and affordable place to stay. The industry continued to grow throughout the 20th century, with the development of larger and more luxurious hotels and resorts. Notable advancements in the industry include the introduction of hotel chains, such as Hilton and Marriott, and the rise of online booking platforms, such as Expedia and Booking.com. In recent years, the industry has faced challenges due to the COVID-19 pandemic, with many hotels and resorts forced to close temporarily or operate at reduced capacity. In the United States, the Hotel & Motel Developers industry has experienced significant growth in recent years. According to data from the U.S. Bureau of Labor Statistics, the industry added over 100,000 jobs between 2016 and 2019. This growth can be attributed to a number of factors, including increased travel and tourism, the rise of online booking platforms, and the development of new hotels and resorts in popular destinations. Despite the challenges posed by the COVID-19 pandemic, the industry is expected to continue growing in the coming years, as travel and tourism rebound and new hotels and resorts are developed to meet demand.