Government Contractors in Hospitality
In the United States, the hospitality industry goes beyond hotels and restaurants. It also encompasses a variety of services that support government operations. If you are a small or medium-sized business looking to break into government contracting, understanding the prime contractors in this space is essential. This article highlights the top 10 highest revenue-earning prime government contractors in the hospitality industry, emphasizing their role, recent news, revenue statistics, and what it means for potential subcontractors like you.
1. Target Hospitality Corp. (TH)
Revenue: $150 Million (2022)
Overview: Recently awarded a spot on a $4 billion SSV with the Department of Homeland Security (DHS) to provide modular accommodations and related services for immigration operations.
Recent News: Target Hospitality’s recent growth strategy centers on government contracts, enhancing its position in the market as a significant provider of essential services, including emergency detention facilities.
2. Aramark (ARMK)
Revenue: $16.2 Billion (2021)
Overview: A leading provider of food services and facilities, Aramark holds substantial contracts in federal and state institutions, including corrections and military installations.
Recent News: Recently, Aramark has expanded its services to include sustainable food options and advanced facility management practices, aligning with government initiatives for healthier environments.
3. Sodexo (SDXAY)
Revenue: $24 Billion (2021)
Overview: Providing a strong presence in government contracting, Sodexo focuses on food services, facilities management, and uniform services across military and civilian sectors.
Recent News: The company recently announced new initiatives aimed at improving community engagement within its contracts with governmental organizations, emphasizing sustainability and inclusion.
4. Delaware North
Revenue: Approximately $3.2 Billion (2021)
Overview: Known for its hospitality and food service programs, Delaware North operates in parks, airports, and stadiums under various government contracts.
Recent News: They recently secured multi-year contracts at several national parks, enhancing visitor experiences through improved food and lodging options.
5. HMSHost
Revenue: $2.5 Billion (2021)
Overview: Specializing in restaurant services at airports and travel plazas, HMSHost has an extensive portfolio of government contracts facilitating food services at public transportation hubs.
Recent News: Recently entered partnerships to expand healthy dining options within airports, supporting travelers’ needs and aligning with government health standards.
6. ISS World
Revenue: $12 Billion (2021)
Overview: An international service provider with a solid foothold in U.S. government contracts in facility services, including cleaning and maintenance for federal buildings.
Recent News: ISS is investing in technology to enhance security and efficiency in government facilities, showcasing a forward-thinking approach in their contracts.
7. Compass Group PLC (CMPGY)
Revenue: $30 Billion (2021)
Overview: A world leader in food service management with significant contracts in healthcare, education, and government facilities.
Recent News: Recently announced plans to commit more resources towards sustainable food sourcing, encouraging more local suppliers for government projects.
8. Centerplate
Revenue: $1.6 Billion (2021)
Overview: Centerplate specializes in catering and hospitality at public venues, providing services to various U.S. governmental agencies at events and conferences.
Recent News: The company has diversified its sustainability initiatives while contributing to community food programs through its government contracts.
9. Sysco Corporation (SYY)
Revenue: $60 Billion (2021)
Overview: The largest food service distributor in North America, Sysco connects with federal, state, and local governments to supply food products and services.
Recent News: Sysco has launched programs focused on supporting local economies and improving procurement processes relevant to government contracts.
10. CulinArt Group
Revenue: $500 Million (2021)
Overview: A provider focusing mainly on food services in educational and healthcare settings, CulinArt has been an integral part of government contracts aimed at public health improvement.
Recent News: The company has entered partnerships to enhance nutritional offerings across its contracts, aligning with government health objectives.
Benefits of Partnering with Prime Contractors
Understanding these prime contractors is vital for small and medium-sized businesses. As a subcontractor, you can benefit from these relationships by offering essential services that align with these companies’ capabilities. Examples include catering, facility management, modular accommodations, and hospitality services.
For veterans, women, and disadvantaged groups such as HUBZone businesses, there are special programs that may provide you with an edge when seeking contracts in the government space. Select GCR assists contractors with navigating these programs, ensuring compliance, and unlocking access to potential government contracts that align with your business capabilities.
Conclusion
The hospitality sector plays a crucial role in providing essential services to the government, and recognizing the prime contractors can pave the way for your business to become a subcontractor. If your business focuses on any of the services mentioned, aligning yourself with these companies could significantly broaden your outreach and available opportunities within government contracts.
For aid in the contracting process or to learn more about how to position your business effectively within this arena, reach out to Select GCR, where we specialize in helping small businesses leverage government contracting successfully.
Sources:
1. Target Hospitality Secures Spot on $4B DHS Emergency Detention Contract Vehicle
2. Aramark Delivers Record Results and Strengthened Global Position
3. Sodexo Unveils Initiatives Focused on Sustainability
4. Delaware North News Releases
5. About HMSHost
6. ISS Global Experience to Welcome You at Public Events
7. Compass Group Nutritional Initiatives
8. Sysco Community Achievements
