Residence Inn BY Marriott is classified as operating in the Hotels & Motels industry, NAICS Code 72111.
Market Share of Residence Inn BY Marriott's Largest Competitors
A competitive analysis shows these companies are in the same general field as Residence Inn BY Marriott, even though they may not compete head-to-head.
These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines.
The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies.
Competitive advantage comes from offering better pricing or superior products/service.
These companies are similar in business line and location to Residence Inn BY Marriott.
While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.
Future Competition: Residence Inn BY Marriott's Fastest Growing Competitors
These companies are in the same general field as Residence Inn BY Marriott and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.