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Date Submitted: 03/08/2016 11:13 PM
Global Budget Hotels Market Share, Size, Trends and Growth, Marketing Strategies and Forecasts 2019
The global budget hotels market registered moderate growth in 2014, based on the Canadean analysis of 40 countries around the world. The expanding domestic and international tourism market, along with a rise in travelers that prefer to pay less for accommodation and avoid as many frills as possible, will continue to support the growth over the forecast period (2015-2019).
Key Findings
The US is the largest market in the world for budget hotels in terms of room supply (867,695 rooms in 2014) and the UK is the second largest but is significantly smaller (just 35% of the US' total size). The US also tops the list in terms of revenues and again the UK is ranked second, though with a relatively smaller difference compared to the room supply difference. This clearly implies that the US market is saturated and registers low occupancy rates (57% in 2014). The UK recorded the fourth highest occupancy rate in 2014 while Hong Kong topped the list (92% in 2014).
Browse Detail Report With TOC @ http://www.radiantinsights.com/research/the-global-budget-hotels-market-to-2019
Synopsis
Canadean's report - The Global Budget Hotels Market to 2019 - provides detailed information on global budget hotels industry, analyzing market data and providing insights.
Historic and forecast revenue of global budget hotels market covering 40 countries
Detailed region-wise (Americas, Asia-Pacific, Europe, Middle East and Africa) analysis of budget hotels' key performance indicators such as the number of hotels and rooms available, occupancy rates, room nights available, room nights occupied, number of guests received, average room revenue per available room, average room revenue per occupied room, average total revenue per available room, total room revenue, total non-room revenue, total revenues for the historic (2010-2014) and forecast (2015-2019) periods.
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