Hotels and similar accommodation

NACE code 55.1 covers the hotel and similar accommodation industry, which plays a vital role in the broader tourism and hospitality sector. This industry provides temporary lodging and associated services to travelers and visitors, catering to a wide range of needs and budgets. As a key component of the service economy, the hotels and similar accommodation industry is a significant contributor to economic growth, employment, and the overall travel experience.

The core production techniques in the hotels and similar accommodation industry involve the provision of guest rooms, suites, and other lodging facilities. This typically includes the cleaning and maintenance of rooms, the management of front desk operations, and the coordination of additional services such as food and beverage, leisure activities, and event hosting. Hotels and similar establishments often utilize specialized software and technology to streamline operations, manage reservations, and enhance the guest experience.

The main inputs required for the hotels and similar accommodation industry include real estate or leased properties, furniture and fixtures, housekeeping supplies, food and beverage ingredients, and skilled labor such as front desk staff, housekeepers, and hospitality professionals. Depending on the size and scope of the establishment, additional inputs may include utilities, laundry services, and specialized equipment for amenities like swimming pools, fitness centers, and conference facilities.

The primary output of the hotels and similar accommodation industry is the provision of temporary lodging and associated services to guests. These outputs are often consumed by travelers, tourists, and other individuals in need of short-term accommodation, as well as by businesses and organizations that require accommodations for their employees or clients. The outputs of this industry may also be consumed by other related NACE codes, such as 56.1 Restaurants and mobile food service activities, 79.1 Travel agency and tour operator activities, and 93.2 Amusement and recreation activities.