All Other Traveler Accommodation — Business Survival Rate
An estimated 59% of all other traveler accommodation businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 10.1%.
Is All Other Traveler Accommodation a Good Business to Start?
With a 59% five-year survival rate, all other traveler accommodation is near the national average (~50%). This means roughly half of new entrants will still be operating after 5 years — typical business risk that rewards solid planning and execution.
The annual exit rate of 10.1% indicates moderate turnover. Success depends on differentiation, location, and operational efficiency rather than inherent industry advantages.
Entry vs. Exit Rates
Annual rate of new businesses opening versus existing businesses closing.
Net negative: more businesses closing than opening (-0.6 pp spread).
Job Creation & Destruction
The industry is adding jobs faster than losing them — a positive sign for both workers and new business owners looking to hire. Total employment: 1,883,068 workers across 44,237 firms.
Want to know how much all other traveler accommodation businesses actually make?
See full revenue benchmarks for All Other Traveler Accommodation →Frequently Asked Questions
- What percentage of all other traveler accommodation businesses fail?
- Approximately 41% of all other traveler accommodation businesses fail within their first 5 years. The annual closure rate is 10.1%, with 4,264 firms closing permanently in 2023.
- Is the all other traveler accommodation industry growing or shrinking?
- The all other traveler accommodation industry is currently growing with a net job creation rate of +8.7% per year. New businesses are entering at 9.5% while 10.1% close annually.
Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.