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NAICS Code 721310-10 Description (8-Digit)

Tourist Homes are establishments that provide temporary lodging to travelers and tourists. These homes are typically smaller in scale than hotels and offer a more personalized experience. Tourist Homes can be found in a variety of locations, including urban, suburban, and rural areas. They may be standalone properties or part of a larger complex. Tourist Homes often provide amenities such as breakfast, Wi-Fi, and local recommendations to enhance the guest experience.

Hierarchy Navigation for NAICS Code 721310-10

Tools

Tools commonly used in the Tourist Homes industry for day-to-day tasks and operations.

  • Reservation management software
  • Online booking platforms
  • Property management software
  • Housekeeping and cleaning supplies
  • Linens and towels
  • Keyless entry systems
  • Security cameras
  • Guest communication tools (e.g. messaging apps, email)
  • Marketing and advertising tools (e.g. social media, email marketing)
  • Maintenance and repair tools (e.g. basic tools, equipment for landscaping and snow removal)

Industry Examples of Tourist Homes

Common products and services typical of NAICS Code 721310-10, illustrating the main business activities and contributions to the market.

  • Vacation rental homes
  • Bed and breakfasts
  • Cottage rentals
  • Cabin rentals
  • Beach houses
  • Lake houses
  • Mountain lodges
  • Country inns
  • Farm stays
  • Guest suites

Certifications, Compliance and Licenses for NAICS Code 721310-10 - Tourist Homes

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Short-Term Rental License: A license required by some states and cities in the US for individuals or companies who rent out their properties for short-term stays. The requirements and regulations vary by location. For example, in San Francisco, hosts must register with the city and obtain a business registration certificate, while in New York City, hosts must register with the state and obtain a license. More information can be found on the Airbnb website:
  • Food Service Establishment Permit: A permit required by some states and cities in the US for individuals or companies who provide food service to guests. The requirements and regulations vary by location. For example, in California, food service establishments must obtain a permit from the local health department, while in New York City, food service establishments must obtain a permit from the Department of Health and Mental Hygiene. More information can be found on the National Restaurant Association website:
  • Fire Safety Inspection: A mandatory inspection required by some states and cities in the US to ensure that the property meets fire safety standards. The requirements and regulations vary by location. For example, in California, fire safety inspections are conducted by the local fire department, while in New York City, fire safety inspections are conducted by the Fire Department of New York. More information can be found on the National Fire Protection Association website:
  • Zoning Permit: A permit required by some states and cities in the US to ensure that the property is zoned for tourist home use. The requirements and regulations vary by location. For example, in San Francisco, hosts must obtain a Short-Term Residential Rental Registration from the Planning Department, while in New York City, hosts must obtain a Certificate of Occupancy from the Department of Buildings. More information can be found on the US Small Business Administration website:
  • Business License: A license required by some states and cities in the US for individuals or companies who operate a tourist home. The requirements and regulations vary by location. For example, in California, hosts must obtain a Transient Occupancy Tax Certificate from the local tax collector, while in New York City, hosts must obtain a Home-Sharing License from the Office of Special Enforcement. More information can be found on the US Small Business Administration website:

History

A concise historical narrative of NAICS Code 721310-10 covering global milestones and recent developments within the United States.

  • Tourist homes have been around for centuries, with the first recorded instance of a tourist home being in the 1700s in England. These homes were typically owned by wealthy families who would rent out rooms to travelers. In the United States, tourist homes became popular in the early 1900s, with the rise of the automobile and the need for lodging along highways. These homes were often located in residential neighborhoods and provided a more personal and homey experience for travelers. In recent years, the rise of online platforms such as Airbnb and HomeAway has revolutionized the tourist home industry, allowing homeowners to easily rent out their homes to travelers and providing a wider range of options for travelers to choose from.

Future Outlook for Tourist Homes

The anticipated future trajectory of the NAICS 721310-10 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    Tourist Homes industry in the USA is expected to grow in the coming years due to the increasing demand for short-term rentals and alternative accommodations. The industry is expected to benefit from the rise of the sharing economy and the growing popularity of vacation rentals. The industry is also expected to benefit from the increasing number of international tourists visiting the USA. However, the industry may face challenges due to the increasing competition from hotels and other alternative accommodations. The industry is also expected to face regulatory challenges in some cities and states. Overall, the industry is expected to grow in the coming years due to the increasing demand for alternative accommodations and the rise of the sharing economy.

Industry Innovations for NAICS Code 721310-10

Recent groundbreaking advancements and milestones in the Tourist Homes industry, reflecting notable innovations that have reshaped its landscape.

  • Airbnb: Airbnb is a popular online marketplace that allows people to rent out their homes or apartments to travelers. The platform has revolutionized the tourist homes industry by making it easy for people to find affordable and unique accommodations.
  • Homeaway: HomeAway is another popular online marketplace that allows people to rent out their homes or apartments to travelers. The platform has a large selection of vacation rentals and has helped to increase the popularity of alternative accommodations.
  • Virtual Tours: Many tourist homes now offer virtual tours of their properties, allowing travelers to get a better sense of what they are renting before they arrive.
  • Smart Home Technology: Many tourist homes now feature smart home technology, such as keyless entry systems and smart thermostats, which make it easier for travelers to access and control their accommodations.
  • Sustainable Tourism: Many tourist homes are now focusing on sustainable tourism practices, such as using renewable energy sources and reducing waste, in order to appeal to environmentally conscious travelers.

NAICS Code 721310-10 - Tourist Homes

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