The United States Census Bureau created a classification system for business entities called the North American Industry Classification System (NAICS). Several company databases and industry research databases use these to organize their information, and it is useful to know these codes when you are looking for industry reports. These codes start at 2 numbers to identify broad industry group and move to 6 to identify specific industries.
Example Codes:
7211 - Traveler Accommodation
721110 - Hotels (except Casino Hotels) and Motels
721191 - Bed-and-Breakfast Inns
Provides thoroughly researched, accurate and current business information, including economic, demographic and government data on over 700 American industries. Whether your company requires a better understanding of market conditions and forecasts; whether you need a clearer picture of a supply chain, or whether you need to keep abreast of competitor activity in your industry, IBISWorld’s comprehensive reports will keep you informed.
IBISWorld allows you to search for reports using keywords, company names, or by using NAICS codes. Example Reports: Ski & Snowboard Resorts in the US, Bed & Breakfast & Hostel Accommodations in the US, and Boutique Hotels in the US
To learn more about the contents of the IBISWorld industry reports and how to use them, watch the video below.
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