Hawaii has the highest earning hotel businesses in the United States, according to a new study: the state has 277 hotels with each raking in nearly $25 million in revenue per year.

That's according to a new study from HotelTechReport, which ranked the District of Columbia as second place after Hawaii for annual revenue. despite having the fewest hotel businesses nationally, each DC hotel ranks in $21,617,731 per year on average.

New York follows behind at number three, but "due to the high number of hotel businesses in the state (2,314) each individual business makes more than three times less revenue ($6,259,171)  than those in Hawaii or DC," the HotelTechReport analysis notes. Florida and Massachusetts follow at number six and seven, followed by California, where hotels make just over $5 million in revenue per year and employ the most hotel staff of all US states.