Budget Hotels Market to see significant Growth by Leading players HotelF1, Ibis budget hotels, Premier Inn

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.

Request a sample report @ https://www.htfmarketreport.com/sample-report/1489653-global-budget-hotels-market-to-2022

Summary
"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.
Make an enquiry before buying this Report @ https://www.htfmarketreport.com/enquiry-before-buy/1489653-global-budget-hotels-market-to-2022
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
Scope

- 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 @ https://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 @ https://www.htfmarketreport.com/reports/1489653-global-budget-hotels-market-to-2022
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

This release was published on openPR.