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Budget hotel is the lowest category of hotel that provides the rooms and meals at cheap cost. Budget hotel offers the facilities which required to fulfilling basic requirements such as daily room service, telephone, television, air conditioning, mineral water, broadband connection, doctor on call, pick & drop facility etc. Some budget hotels also have a multi cuisine room and mini bar.
With the growing demand for branded budget hotel, players are investing in creating a distinct brand positioning as budget hotel providers are likely to see faster growth compared to generic travel aggregators. As per industry estimates, the inventory in the budget hotel space is expected to grow further with both new and existing players.
Market Analysis and Insights: Global Budget Hotel Market
The global Budget Hotel market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX%% during 2021-2026.
Global Budget Hotel Scope and Market Size
Budget Hotel market is segmented 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 2015-2026.
Red Roof Inn
Candlewood Suites
HotelF1
Ibis Budget Hotels
Premier Inn
Travelodge Hotels
Roots
Home Inns and Hotels Management
Holiday Inn Express Hotel
Econo Lodge Hotels
Business Hotels
Airport Hotels
Suite Hotel
Serviced Apartments
Private
Commercial
North America
Europe
China
Japan
Southeast Asia
India
With the growing demand for branded budget hotel, players are investing in creating a distinct brand positioning as budget hotel providers are likely to see faster growth compared to generic travel aggregators. As per industry estimates, the inventory in the budget hotel space is expected to grow further with both new and existing players.
Market Analysis and Insights: Global Budget Hotel Market
The global Budget Hotel market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX%% during 2021-2026.
Global Budget Hotel Scope and Market Size
Budget Hotel market is segmented 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 2015-2026.
The key players covered in this study
Red Roof Inn
Candlewood Suites
HotelF1
Ibis Budget Hotels
Premier Inn
Travelodge Hotels
Roots
Home Inns and Hotels Management
Holiday Inn Express Hotel
Econo Lodge Hotels
Market segment by Type, the product can be split into
Business Hotels
Airport Hotels
Suite Hotel
Serviced Apartments
Market segment by Application, split into
Private
Commercial
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
