Latest Report On Global Budget Hotels Market to 2024 – Market Data and Insights on the Global Budget Hotels Industry

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Global Budget Hotels Market to 2024 – Market Data and Insights on the Global Budget Hotels Industry

Summary

Budget Hotels Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the budget accommodation market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the market’s leading players and looks at how companies can better meet their customers’ needs.

Scope

– The onset of covid-19 forced governments to impose lockdown for several weeks and even for months in some countries. The unforeseen circumstances forced hotels to prioritize their survival above all else. Burning of cash reserves, postponement of investment plans, diversion of the spending on marketing and budget reallocations became inevitable.
– Mega tourism projects in Saudi Arabia, Dubai Expo in UAE and eco-tourism in Costa Rica could help the hospitality industry in the respective countries to reach the demand on par with pre-covid levels.
– In 2019, the budget hotels market in the US reported a total revenue of $xxbn, the highest in the world.
– Growing usage of the internet and popularity of social media, among not only millennials but also among Gen X travelers, has made it crucial for budget hotel operators to change their strategies and focus on digital marketing initiatives.

Reasons to Buy

– Understand the impact of COVID-19 on this market
– Gauge which are the biggest and most promising regional markets for the budget accommodation market
– Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
– Gain an understanding of the outlook for regional markets and learn from existing successes and our recommendations.

Companies Mentioned:
Red Roof Inn
HotelF1 (Accor)
Ibis budget (Accor)
Premier Inn Ltd
Travelodge Hotels Ltd.
Roots Corporation Limited
La Quinta Inns
Holiday Inn Express Hotel (IHG)
Extended Stay America Inc


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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via ritesh@researchbymarkets.com. *Market Research News is a part of Research By Markets.