Market Outlook on Global Budget Hotels Industry [2019]

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• Market Report on Global Budget Hotels Industry
  2019

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Summary
The global budget hotels market registered
moderate growth in 2014, based on the Canadean
analysis of 40 countries around the world. The
expanding domestic and international tourism
market, along with a rise in travelers that
prefer to pay less for accommodation and avoid as
many frills as possible, will continue to support
the growth over the forecast period
(20152019). Key Findings The US is the
largest market in the world for budget hotels in
terms of room supply (867,695 rooms in 2014) and
the UK is the second largest but is significantly
smaller (just 35 of the US total size). The US
also tops the list in terms of revenues and again
the UK is ranked second, though with a relatively
smaller difference compared to the room supply
difference. This clearly implies that the US
market is saturated and registers low occupancy
rates (57 in 2014). The UK recorded the fourth
highest occupancy rate in 2014 while Hong Kong
topped the list (92 in 2014).
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Japan recorded the highest number of guests in
2014 and Indonesia was the fastest growing
market, at an average annual rate of 15.6 during
the historic period (20102014). Hong Kong
registered the highest RevPAR in 2014 (US90),
while Mexico recorded the fastest-growth (CAGR
11.6). China registered the fastest-growth in
terms of revenues during the historic period
(15.2). Portugal recorded the fastest-growth in
terms of room supply (CAGR 11). In the UK, a
new kind of budget hotel is emerging with as few
frills as possible, to attract budget travelers.
Examples include easyHotel, Snoozebox, and
Premier Inns Hub. Both Hub and easyHotel offer
rooms (significantly smaller when compared to
standard rooms) without windows. Snoozebox offers
temporary accommodation (portable hotels) at
sports and festivals events.
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There is a lack of budget accommodation in the
UAE as the country increasingly welcomes a
diverse set of tourists every year. The growing
numbers of middle class travelers from the
emerging economies of Africa and Asia will
support the growth of budget hotels in Dubai in
the coming years. Synopsis The Global Budget
Hotels Market to 2019 provides detailed
information on global budget hotels industry,
analyzing market data and providing
insights. What else does this report offer?
Historic and forecast revenue of global budget
hotels market covering 40 countries
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Detailed region-wise (Americas, Asia-Pacific,
Europe, Middle East Africa) analysis of budget
hotels' key performance indicators such as the
number of hotels and rooms available, occupancy
rates, room nights available, room nights
occupied, number of guests received, average room
revenue per available room, average room revenue
per occupied room, average total revenue per
available room, total room revenue, total
non-room revenue, total revenues for the historic
(2010-2014) and forecast (2015-2019) periods
Brief analysis of global budget hotels market and
the present scenario Detailed analysis of the
markets trends in key budget hotels markets
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Reasons To Buy Make strategic business
decisions using historic and forecast market data
related to global budget hotels industry
Understand the demand-side dynamics within the
industry to identify key market trends and growth
opportunities
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Table of Contents
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
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To view the full Executive Summary and Table of
Contents, please visit Market Report on Global
Budget Hotels Industry 2019 Contact Us-Call
India 91-22-27810772/73Email id
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