Macroeconomic Growth in BRIC Countries to Support Growth of Respective Budget Hotel Markets, Reports BRICdata
11 Sep 2012 • by Natalie Aster
Among the BRIC countries, Brazil has the largest budget hotel market, followed by China, India and Russia. Brazil’s budget hotel market size totaled US$3.1 billion in 2011. Within BRIC countries, Brazil was the fastest-growing market during the review period, recording a CAGR of 20.64%. Brazil is anticipated to remain the fastest-growing market over the forecast period, with a CAGR of 18.65%.
For all BRIC countries, macroeconomic growth is expected to support the growth of the respective budget hotel markets. With robust projected growth in GDP, the BRIC countries are expected to continue their rapid economic growth over the forecast period, with China expected to record the strongest GDP growth at an anticipated forecast-period CAGR of 9.5%, followed by India with an anticipated forecast-period CAGR of 8%.
The report “Changing Consumer Attitudes and Future Outlook for the Budget Hotel Industry in BRIC” by BRICdata provides an extensive analysis of the budget hotel industry of the four BRIC nations: Brazil, Russia, India and China:
- It provides historical and forecast market sizes for the budget hotel industry in each of the BRIC nations
- It offers detailed analysis of the factors driving the growth of the budget hotel industry, and the key emerging trends and drivers in each of the BRIC nations
- It provides profiles of key companies operating in budget hotel industry
Changing Consumer Attitudes and Future Outlook for the Budget Hotel Industry in BRIC
Published: August, 2012
Price: US$ 2.950,00
More information can be found in the report “Changing Consumer Attitudes and Future Outlook for the Budget Hotel Industry in BRIC” by BRICdata.
To order the report or ask for sample pages contact [email protected]