|12-11-2018 09:18 AM CET - Business, Economy, Finances, Banking & Insurance||
Budget Hotels Market to see significant Growth by Leading players HotelF1, Ibis budget hotels, Premier Inn
Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
A new research report is published by HTF Market Intelligence on 'Global Budget Hotels Market to 2022: Market data and insights on global budget hotels industry' with 36 pages. The study covers key regions that includes Americas, Asia-Pacific, Middle East & Africa, and Europe and important players such as Red Roof Inn, Candlewood Suites, HotelF1, Ibis budget hotels etc.
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"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 US$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.
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Global Budget Hotels Product Types In-Depth: Business Hotels, Airport Hotels, Suite Hotel, Serviced Apartments
Global Budget Hotels Major Applications/End users: Private, Commercial
Geographical Analysis: Americas, Asia-Pacific, Middle East & Africa, and Europe
- 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.
Buy this report @ www.htfmarketreport.com/buy-now?format=1&report=1489653
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.
Companies Mentioned in the Report
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
Read Detailed Table of Content @ www.htfmarketreport.com/reports/1489653-global-budget-hot...
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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HTF Market Intelligence Consulting Private Limited
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