Budget Hotel Market SWOT Analysis by Leading Key Players: Marriott International, InterContinental Hotels Group

The Budget Hotel Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This report also includes a complete analysis of industry players covering their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping them to expand their market share.

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The Global Budget Hotel market is expected to grow from 96 billion USD in 2024 to 145 billion USD by 2032, with a CAGR of 6.10% from 2024 to 2032. The Budget Hotel market by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).

The budget hotel market offers affordable accommodation options with essential amenities, catering to price-sensitive travelers, backpackers, and business tourists. The sector's growth is fueled by the rise in domestic and international tourism, digital booking platforms, and changing consumer preferences for value-for-money lodging.

Global Budget Hotel Scope and Market Size

Budget Hotel market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Budget Hotel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2019-2032.

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Segment by Type
• Economy Hotels
• Limited-Service Hotels
• Midscale Hotels
• Extended Stay Hotels

Segment by Application
• Leisure Travel
• Business Travel
• Group Travel
• Solo Travel

By Company

• Marriott International
• InterContinental Hotels Group
• Wyndham Hotels & Resorts, Accor
• Choice Hotels
• Red Roof Inn
• Premier Inn
• Motel 6
• Travelodge
• Extended Stay America
• OYO Hotels
• Super 8
• Holiday Inn Express
• Econo Lodge
• Comfort Inn
• Days Inn
• Microtel Inn & Suites
• Best Western
• Ibis Budget
• La Quinta Inns & Suites

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Dominating Region:
North America

Fastest-Growing Region:
Asia-Pacific

Major Points from Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.3 Market by Application
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends
2.1 Global Budget Hotel Market Perspective (2019-2032)
2.2 Budget Hotel Growth Trends by Regions

3 Competition Landscape by Key Players
3.1 Global Top Budget Hotel Players by Revenue
And More...

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