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Characterization of the U.S. Hotel IndustryANSWER 1: Characterization of the U.S. Hotel IndustryIt is stated that the hotel industry in the U.S. had a $113.7 billion revenue and $16.7 billion gross profit by the end of 2004. There are many hotels in the U.S. and 2/3 of them are franchised under a brand to be.