Short term accommodation activities

isic code 551 covers a wide range of short-term accommodation activities, including hotels, motels, resorts, and other lodging facilities. This industry plays a crucial role in the broader tourism and hospitality sector, providing temporary housing and amenities for travelers, both domestic and international. The short-term accommodation industry is a significant contributor to the global economy, generating employment, tax revenue, and supporting a range of ancillary industries such as food service, transportation, and entertainment.

The key production techniques in the short-term accommodation industry involve the management and operation of lodging facilities. This includes activities such as reservations, check-in and check-out, housekeeping, maintenance, and the provision of various guest services and amenities. Operators in this industry must also comply with a range of regulations and standards related to health, safety, and environmental sustainability.

The main inputs required for the short-term accommodation industry include real estate (land and buildings), furniture and fixtures, utilities (electricity, water, and telecommunications), cleaning and maintenance supplies, and labor. Operators in this industry also rely on various technologies, such as property management systems, online booking platforms, and guest experience technologies, to enhance their operations and service delivery.

The primary output of the short-term accommodation industry is the provision of temporary lodging and related services to guests. The output of this industry is consumed by a wide range of other industries, including 491 Land transport, 501 Water transport, 511 Air transport, and 561 Restaurants and mobile food service activities, as well as individual travelers and tourists.