ResearchMoz.us include new market research report " The Global Budget Hotels Market to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.
The budget hotels category is set for growth over the forecast period (2014−2018) due to demand for affordable lodging products, with rising middle-class populations in Asia–Pacific and Africa driving demand. Investor interest in this particular category increased as budget hotels proved to be less susceptible than luxury hotels to the global financial crisis.
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Synopsis:-
The report provides detailed market analysis, information and insights, including:
- Historic and forecast revenues in the global budget hotels market covering 40 countries.
- Detailed regional analysis of budget hotels' key performance indicators, such as the number of hotel establishments, number of rooms, occupancy rate, room nights available, room nights occupied, average room revenue per available room, average room revenue per occupied room, average total revenue per available room, total room revenues, total non-room revenues, total revenues and number of guests for the review (2009-2013) and forecast (2014-2018) periods. The regions covered are the Americas, Asia-Pacific, Europe, Middle East & Africa.
- Analysis of the global budget hotels market.
- Detailed analysis of trends in key budget hotel markets.
Scope:-
This report provides an extensive analysis related to the global budget hotels market, including:
- Market sizes for 40 countries in the global budget hotels market for 2009–2013, along with forecast figures for 2014–2018
- Budget hotels’ key performance indicators in these countries, with values for both the 2009–2013 review period and the 2014–2018 forecast period
Reasons to buy:-
- Take strategic business decisions using historic and forecast market data related to the global budget hotels market.
- Understand key trends and growth opportunities in the global budget hotels market.
- Gain strategic insights into the leading global budget hotels.
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Key highlights:-
- Several leading international luxury hotel chains have set up economy brands to focus exclusively on budget hotels category. Marriott International introduced its economy Moxy Hotels brand in Europe in 2013. Accor Hotels has two budget hotel brands: Ibis Budget and hotelF1 (previously Formule 1). Lemon Tree Hotels operates the Red Fox budget brand in India.
- Local budget and midscale hotel brands are expanding their presence into Tier II and Tier III cities such as Chennai and Surat in India, and Nanjing and Zhenzhou in China. International brands are increasingly marking their presence in these emerging markets, attracted by their lucrative potential. For example, UK-based budget hotel operator Premier Inn is active in India, while InterContinental Hotels Group’s Holiday Inn Express and Holiday Inn Hotels & Resorts, and Wyndham Hotel Group’s Super 8 are active in China.
- The US is the largest global market for budget hotels, with revenues totaling US$12.4 billion in 2013. However, the budget category’s share of the hotel industry is low in comparison to developed European economies such as the UK and France, and Latin American economies such as Brazil, Argentina and Peru. In terms of revenue, the category’s penetration in the US stood at 7.6% in 2013.
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