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Report Title

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

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


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

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



Executive Summary

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 USD 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.

Table of Contents

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

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

List of Figures

Figure 1: Top 10 Global markets: Total Revenue, budget hotels in 2017 (USD 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 (USD billion)

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

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

Budget hotels, Number of rooms, Room occupancy rate, Number of Rooms Nights available by Hotel Category, Number of Rooms Nights Occupied by Hotel Category, Average (Room) Revenue per Available Room by Hotel Category, Average (Room) Revenue per Occupied Room by Hotel Category, Average (Total) Revenue Per Available Room, Revenue per available room (RevPAR), Total room revenue, Total non-room revenue, Total Revenue, Number of guests, Business guests, Leisure guests, Millennial, Bleisure trips


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