NAICS 72

Accommodation and Food Services in Rhode Island: 2026 Market Risk Report

Entry risk 28.3 (Low), ranked #6 of 51 states. 3,314 establishments, 51,937 jobs.

Entry Risk Assessment

Entry Risk Score 28.3
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Low Risk

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

🛡️Stable Market💎Hidden Gem

Rhode Island exhibits structural stability in accommodation and food services, with volatility at 30.5 and firm retention ranking in the top 5. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
98.0%
Percentile within industry
Rank #2 of 51 states
Growth Momentum
33.4
Scale of 0-100
Rank #28 of 51 states
Establishment Density
47.4
vs. national average
Rank #45 of 51 states
Market Volatility
30.5
Lower is more stable
Wage Pressure Index
24.0
Labor cost pressure

3,314 Establishments in Rhode Island

3,314
Establishments
+0.2% YoY
51,937
Total Employment
+1.5% YoY
$30,129
Average Annual Wage
+3.2% YoY

Rhode Island vs National Accommodation and Food Services Average

How Rhode Island's accommodation and food services market compares to the national average across all 51 states.

Metric RI National Difference
Entry Risk Score 28.3 40.0 -11.7
5-Year Retention 98.0% 51.0% +47.0
Growth Momentum 33.4 41.1 -7.7
Market Volatility 30.5 23.9 +6.6
Establishment Density 47.4 27.0 +20.4
Wage Pressure 24.0 33.4 -9.4

Green = favorable vs national average. Red = less favorable. Metrics are relative within accommodation and food services only.

Rhode Island Ranks #6 of 51 for Accommodation and Food Services

Rhode Island ranks #6 out of 51 states for accommodation and food services market entry conditions.

Accommodation and Food Services Entry Risk by State

Rank State Risk Score Classification
#1 Delaware 19.8 low
#2 North Carolina 23.4 low
#3 New Mexico 24.5 low
#4 Idaho 26.2 low
#5 Wisconsin 28.2 low
#6 Rhode Island You 28.3 low
Entry Risk by State Alaska — 31.6 · #14 Alabama — 44.1 · #37 Arkansas — 36.9 · #26 Arizona — 46.9 · #40 California — 57.2 · #47 Colorado — 46.9 · #41 Connecticut — 37.3 · #27 District of Columbia — 81.4 · #51 Delaware — 19.8 · #1 Florida — 53.6 · #44 Georgia — 43.6 · #35 Hawaii — 66.1 · #50 Iowa — 39.0 · #29 Idaho — 26.2 · #4 Illinois — 39.5 · #30 Indiana — 37.9 · #28 Kansas — 34.2 · #18 Kentucky — 36.9 · #25 Louisiana — 43.8 · #36 Massachusetts — 28.4 · #7 Maryland — 31.7 · #15 Maine — 55.0 · #46 Michigan — 29.2 · #10 Minnesota — 34.9 · #19 Missouri — 47.2 · #42 Mississippi — 35.6 · #21 Montana — 46.1 · #39 North Carolina — 23.4 · #2 North Dakota — 29.5 · #12 Nebraska — 41.5 · #31 New Hampshire — 28.8 · #8 New Jersey — 43.3 · #34 New Mexico — 24.5 · #3 Nevada — 64.0 · #49 New York — 58.6 · #48 Ohio — 29.3 · #11 Oklahoma — 35.0 · #20 Oregon — 42.8 · #32 Pennsylvania — 36.8 · #24 Rhode Island — 28.3 · #6 South Carolina — 29.2 · #9 South Dakota — 36.7 · #23 Tennessee — 29.5 · #13 Texas — 46.0 · #38 Utah — 36.5 · #22 Virginia — 33.6 · #16 Vermont — 51.0 · #43 Washington — 42.9 · #33 Wisconsin — 28.2 · #5 West Virginia — 33.7 · #17 Wyoming — 55.0 · #45
Low Moderate Elevated High

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About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Rhode Island stack up against other states for accommodation and food services?

Select a state above to see the comparison

Accommodation and Food Services in Neighboring States

How Rhode Island's accommodation and food services market compares to bordering states.

Massachusetts 28.4 #7/51 Connecticut 37.3 #27/51

Other Industries in Rhode Island

Construction → Healthcare and Social Assistance → Retail Trade → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →