NAICS 72

Accommodation and Food Services in Hot Springs, AR

Metro Market Score 62.0 (Difficult), ranked #207 of 298 metros. 332 establishments, 6,153 jobs.

Metro Market Score 62.0

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national accommodation and food services average.

🏭Industry Hub

With a 1.78 location quotient, Hot Springs has an outsized accommodation and food services presence relative to its population. That concentration (index: 96.6) creates a mature local market where supplier networks are established but differentiation matters more.

Industry Concentration

96.6

LQ: 1.78

Rank #288 of 298 metros

Wage Competitiveness

45.0

$23,976 avg wage

Growth Trend

↑ 57.4

Employment growth index

Rank #128 of 298 metros

Wage Pressure

69.3

YoY wage change index

332 Accommodation and Food Services Firms in Hot Springs

332

Establishments

+0.0% YoY

6,153

Total Employment

+0.6% YoY

$23,976

Average Annual Wage

+2.9% YoY

1.78

Location Quotient

Above national avg

Within Arkansas

#2 of 2

accommodation and food services metros in state

Arkansas state rank

#26 of 51

for accommodation and food services entry risk

vs State Median

0.0

matches median (62.0)

Hot Springs vs Arkansas Statewide

How this metro's accommodation and food services market compares to Arkansas overall. The state ranks #26/51 for entry risk.

Measure	Hot Springs	AR Statewide
Overall Score	62.0 Difficult	36.9 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#207 of 298 metros	#26 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Hot Springs

Information 22.1 Other Services 22.9 Administrative and Support Services 30.4 Professional, Scientific, and Technical Services 35.5 Construction 36.8 Real Estate and Rental and Leasing 40.3 Finance and Insurance 53.0 Healthcare and Social Assistance 66.8 Retail Trade 71.6

Accommodation and Food Services in Other Arkansas Metros

Fort Smith 59.5 #180/298

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of Hot Springs's 62.0 score. Useful when comparing markets with comparable entry profiles.

Redding, CA 62.2 #208/298 Kennewick-Richland, WA 62.2 #209/298 Kokomo, IN 61.9 #206/298 Goldsboro, NC 61.8 #205/298 Lafayette, LA 62.3 #210/298 Lexington-Fayette, KY 61.6 #204/298 Austin-Round Rock-San Marcos, TX 62.4 #211/298 Miami-Fort Lauderdale-West Palm Beach, FL 61.6 #203/298 Lakeland-Winter Haven, FL 62.6 #212/298 Reno, NV 61.3 #202/298

Accommodation and Food Services in States Bordering Arkansas

State-level entry risk for accommodation and food services in adjacent states. Use this to weigh cross-border options.

Tennessee 29.5 #13/51 Oklahoma 35.0 #20/51 Mississippi 35.6 #21/51 Louisiana 43.8 #36/51 Texas 46.0 #38/51 Missouri 47.2 #42/51

Browse Accommodation and Food Services in Other States

State-level entry risk reports for accommodation and food services across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Hot Springs's accommodation and food services sector, the industry concentration component (96.6) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Hot Springs, AR MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment