Market Research Reports, Inc. has announced the addition of “The Global Budget Hotels Market to 2018” research report to their offering. See more at- http://mrr.cm/ZjY

1. Category : Travel & Leisure
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2. 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)
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3. 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.
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4. 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.
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5. 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.
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6. 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
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7. 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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8. Report Coverage
1. Global Budget Hotels – Key Trends and Issues
2. Global Budget Hotels – Mergers and Acquisitions
3. Global Budget Hotel KPIs – the Americas
4. Global Budget Hotel KPIS – Asia-Pacific
5. Global Budget Hotel KPIs – Europe
6. Global Budget Hotel KPIs – the Middle East and Africa
7. Global Budget Hotel Profiles
8. Appendix
For more details regarding Report coverage see the last slide
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9. 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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11. How To Buy This Report?
Visit following URL to see Table of Content and
purchase this publication:
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