Global Budget Hotels Market to 2022: Market data and insights on global budget hotels industry

Date: November 19, 2018
Pages: 36
Price:
US$ 1,495.00
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: G3F286B777AEN
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Global Budget Hotels Market to 2022: Market data and insights on global budget hotels industry
Global Budget Hotels Market to 2022: Market data and insights on global budget hotels industry

SUMMARY

'Global Budget Hotels Market to 2022', report provides in-depth analysis of the key market trends that are shaping the future of this segment and analysis of the budget hotel market globally. Detailed market insight is provided on regions like The Americas, Asia-Pacific, Middle East & Africa, and Europe. Also, company profiles for budget hotels are provided and how companies can tap into this to better meet their customers' needs.

The US was top in terms of total revenue in the budget hotel sector in 2017, followed by the UK and France. The total revenue of budget hotels in the US increased by 1.4% from 2016 to 2017, mainly due to an increase in budget hotels’ Average Daily Rate (ADR), which grew by 0.9% in 2017 and reached US$61.20. UK is the second-highest revenue generating country after the US. In 2017, post Brexit vote, the UK registered a significant increase (4.1%) in total revenue of budget hotels compared to the previous year due to the weakening of the British pound, which made it an attractive destination for travelers. Economic conditions are improving in nations such as Spain, Brazil, and Greece, meaning that these countries are seeing a rise in total revenue of budget hotels.

SCOPE
  • The US and Brazil will drive growth in the Americas
  • China continues to dominate and boasts the highest number of budget hotel rooms in the Asia-Pacific region
  • Government initiatives in Hong Kong have boosted the occupancy rates of budget hotels
  • The UAE and Mauritius have the largest occupancy rates in the Middle East & Africa region
  • Budget hotels drive the UK hotel sector.
REASONS TO BUY
  • Gauge which are the biggest and most promising regional markets for budget hotels
  • Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
  • Outlook on the most promising regional markets by learning from existing successes and our recommendations.


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Snapshot
Key trends and development
Deals
Key Insights
Americas
Asia-Pacific
Europe
Middle East and Africa
Company profiles
Red Roof Inn
Candlewood Suites
HotelF1
Ibis budget hotels
Premier Inn Ltd
Travelodge Hotels Ltd.
Roots Corporation Limited
La Quinta Inns
Holiday Inn Express Hotel
Extended Stay America Inc
Outlook
Appendix
References
Terminology and definitions
About GlobalData

LIST OF FIGURES

Figure 1: Top 10 Global markets: Total Revenue, budget hotels in 2017 (US$ billion)
Figure 2: Top five American markets: number of rooms, budget hotels (thousand)
Figure 3: Top five American markets: occupancy rate, budget hotels (%)
Figure 4: Top five Asia-Pacific markets: number of rooms, budget hotels (thousand)
Figure 5: Top five Asia-Pacific markets: occupancy rate, budget hotels (%)
Figure 6: Top five Middle East & Africa markets: number of rooms , budget hotels (thousand)
Figure 7: Top five Middle East & Africa markets: occupancy rate, budget hotels (%)
Figure 8: Top five Europe markets: number of rooms , budget hotels (thousand)
Figure 9: Top five Europe markets: occupancy rate, budget hotels (%)
Figure 10: Top 10 Global markets: Total Revenue, budget hotels, 2017 versus 2022 (US$ billion)

COMPANIES MENTIONED

Red Roof Inn
Candlewood Suites
HotelF1
Ibis budget hotels
Premier Inn Ltd
Travelodge Hotels Ltd.
Roots Corporation Limited
La Quinta Inns
Holiday Inn Express Hotel
Extended Stay America Inc
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