Key Factor Supporting Budget Hotels Market Development in 2025: Rising Travel And Tourism Drives Growth In The Budget Hotels Market

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Budget Hotels Market Size By 2025?
In the past few years, the budget hotels market has seen robust growth. An increase from $284.83 billion in 2024 to $299.14 billion in 2025 is expected, representing a compound annual growth rate (CAGR) of 5.0%. This historic period growth can be linked to the heightened demand for economical lodging alternatives amidst economic downturns and uncertainties, the rise in domestic travel due to international travel restrictions caused by the pandemic, the growing popularity of online platforms, improved standards and diversity of amenities offered by budget hotels to attract a larger clientele, and the expansion of cost-conscious business travelers looking for affordable accommodations.

How Big Is the Budget Hotels Market Size Expected to Grow by 2029?
The market size for budget hotels is projected to experience considerable growth in the coming years, surging to $366.82 billion by 2029 at a compound annual growth rate (CAGR) of 5.2%. Factors contributing to this growth during the forecast period include the sustained preference for budget hotels owing to persistent economic hurdles and inflation, an increasing population of digital nomads seeking cost-effective, extended stays in budget hotels, continuous emphasis on cleanliness and safety standards attracting budget-mindful travelers, the rise in solo tourists and backpackers selecting budget-friendly lodging options, and travelers becoming more price-aware, looking for accommodations that offer good value for their money. Key trends predicted for the forecast period comprise the introduction of AI-enabled customer service, incorporating local experiences, chic and distinct budget hotels, tech-based personalization, and the inclusion of wellness facilities like fitness centers, healthy food choices, and wellness schemes.

View the full report here:
https://www.thebusinessresearchcompany.com/report/budget-hotels-global-market-report

Which Key Market Drivers Powering Budget Hotels Market Expansion and Growth?
The growth of the budget hotel sector is predicted to be fueled by a surge in travel and tourism. Travel and tourism activities encompass those undertaken by individuals traveling beyond their usual surroundings for leisure, business, or other reasons, along with the industry that backs and enables these ventures. The desire for distinct experiences and cultural discovery, elevated worldwide connectivity, and increasing disposable incomes are all contributing factors to the expansion of travel and tourism. Budget hotels are utilized in tours and tourism to provide affordable lodging alternatives for travelers, thus boosting accessibility and inclusivity in their travel journeys. For example, the UK witnessed an increase in foreign visitors in May 2024, as per the Office for National Statistics, a UK-based national statistical institution. The number of trips rose from 31.2 million in 2022 to 38.0 million in 2023. The visitors spent $39.95 billion (£31.1 billion), which is $5.91 billion (£4.6 billion) more than the previous year. This rise in travel and tourism will, therefore, spearhead the expansion of the budget hotel sector.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18272&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Budget Hotels Market?
Prominent corporations in the budget hotel industry have concentrated their efforts on implementing large language model technology to boost customer support and improve operational effectiveness. This technology involves sophisticated AI systems capable of comprehending and producing text that closely resembles human speech, utilizing extensive data sets. For instance, Booking Holdings Inc., an American company specializing in online travel and ancillary services, rolled out a new AI Trip Planner in June 2023. This planner has a chat-based interface that facilitates real-time interaction for travelers to ask queries, find inspiration, and fine-tune their searches. It offers personalized suggestions for locations and lodgings based on unique preferences and enables users to draw up comprehensive travel plans for different cities, countries, or regions. When used in conjunction with the Booking.com app, it presents pricing details and direct links to accommodation specifics, making it possible for users to book suggested choices with just one click.

What Are the Emerging Segments in the Budget Hotels Market?
The budget hotelsmarket covered in this report is segmented -

1) By Type: Business Hotels, Airport Hotels, Suite Hotels, Serviced Apartments, Resorts
2) By Amenities: Free Wi-Fi, Parking, Airport Shuttle, Breakfast
3) By Price Range: Economy, Mid-Range, Luxury
4) By Mode Of Booking: Online Travel Agency, Hotel Websites, Direct Booking, Other Modes Of Booking
5) By Application: Private, Commercial, Government

Subsegments:
1) By Business Hotels: Economy Business Hotels, Budget Corporate Hotels, Business Hotels With Conference Facilities
2) By Airport Hotels: Budget Airport Hotels (Transit Hotels), Economy Airport Hotels With Shuttle Services
3) By Suite Hotels: Budget All-Suite Hotels, Extended Stay Suite Hotels, Affordable Luxury Suite Hotels
4) By Serviced Apartments: Budget Serviced Apartments, Economy Extended Stay Apartments, Affordable Short-Term Rental Apartments
5) Resorts: Budget Beach Resorts, Affordable Mountain Resorts, Economy Wellness Resorts

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=18272&type=smp

Who Are the Global Leaders in the Budget Hotels Market?
Major companies operating in the budget hotels market are Holiday Inn Express, InterContinental Hotels Group, Whitbread PLC, Choice Hotels International, Extended Stay America Inc., Premier Inn Limited, Travelodge Hotels Ltd, Red Roof Franchising LLC, Oravel Stays Limited, Toyoko Inn Co. Ltd., Econo Lodges of America Inc., B&B HOTELS Group, G6 Hospitality LLC, La Quinta Inns Inc., easyHotel, HotelF1, Future Inns UK Limited, Campanile Ltd, Bannatyne Hotels Limited, IBIS Hotel, Balladins Hotels, Dolby Hotel Liverpool Limited, Days Inns Worldwide Inc.

Which are the Top Profitable Regional Markets for the Budget Hotels Industry?
North America was the largest region in the budget hotels market in 2024. The regions covered in the budget hotels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18272

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Reach Out to Us
Speak With Our Expert:Saumya Sahay,
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.