The Global Budget Hotels Market to 2018

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The Global Budget Hotels

Market to 2018

Category : Travel & Leisure

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Introduction to Report

Launch Date: November 5, 2014

Number of Pages: 140

Geography Coverage: Global

Available Format: PDF

Price For Single User License: USD 3,450

Price For Site User License: USD 6,900

Price For Global User License: USD 9,990

Delivery Time: Within 24 Hours (During Working Days)



About the Report

The report provides detailed market analysis, information and insights. 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.



Key Highlights

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.

The Asia-Pacific’s budget hotels category registered strong growth during the review period.

The category is becoming more standardized, and levels of consistency in the final product have risen. Branded hotel chains are strong in this area and are able to garner large market shares.



Key Highlights Continues…

Budget hotels in the UAE are registering solid occupancy rates and provided good returns during the review period. Room occupancy rates in the country stood at 72.2% in 2013.

Accor’s Ibis brand entered the Middle East in 2008 and currently has six properties in the UAE running at an occupancy rate of 80%. According to Christian Karaoglanian, the chief development officer for Accor Hospitality Worldwide, the cost of building a budget hotel is 20−25% that of a luxury hotel.

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.



Scope

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.



Report Coverage

1. Global Budget Hotels – Key Trends and Issues 2. Global Budget Hotels – Mergers and Acquisitions 3. Global Budget Hotel KPIs – the Americas4. Global Budget Hotel KPIS – Asia-Pacific5. Global Budget Hotel KPIs – Europe6. Global Budget Hotel KPIs – the Middle East and Africa7. Global Budget Hotel Profiles8. Appendix

For more details regarding Report coverage see the last slide




Company Coverage

1. Red Roof Inn

2. Candlewood Suites

3. Formule 1

4. ibis budget hotels

5. Premier Inn

6. Travelodge

7. Ginger

8. Home Inns Group

9. Holiday Inn Express

10. Econo Lodge

For more details regarding Report coverage see the last slide




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