Accommodation

NACE code 55, 'Accommodation', encompasses a vital sector of the economy that provides temporary lodging and hospitality services to travelers, tourists, and other guests. This industry plays a crucial role in supporting the broader tourism and leisure industries, catering to the needs of both domestic and international visitors. The accommodation sector is a significant contributor to economic growth, job creation, and the development of local communities.

The main production techniques in the accommodation industry involve the operation of various types of lodging facilities, including hotels, motels, resorts, inns, and other short-term rental properties. These establishments typically offer a range of services, such as room cleaning, food and beverage services, recreational amenities, and concierge assistance, to ensure a comfortable and enjoyable stay for their guests.

The key inputs required for the accommodation industry include real estate or property, furniture and fixtures, utilities (electricity, water, and heating/cooling), cleaning and maintenance supplies, food and beverage ingredients, and labor. Accommodation providers also rely on technology, such as reservation systems, property management software, and communication networks, to efficiently manage their operations.

The primary output of the accommodation industry is the provision of temporary lodging and associated hospitality services. The guests and visitors who utilize these services often engage with other industries, such as 56 Food and beverage service activities, 79 Travel agency, tour operator, reservation service and related activities, and 93 Sports activities and amusement and recreation activities, creating a ripple effect throughout the broader economy.