Budget Hotels Global Market Report 2024

Budget Hotels Global Market Report 2024 – By Type (Business Hotels, Airport Hotels, Suite Hotels, Serviced Apartments, Resorts), By Amenities (Free Wi-Fi, Parking, Airport Shuttle, Breakfast), By Price Range (Economy, Mid-Range, Luxury), By Mode Of Booking (Online Travel Agency, Hotel Websites, Direct Booking, Other Modes Of Booking), By Application (Private, Commercial, Government) – Market Size, Trends, And Global Forecast 2024-2033

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Budget Hotels Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : October 2024 | Delivery Time: 2-3 business days | Format : pdf

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Budget Hotels Market Definition

Budget hotels are affordable accommodation options that offer basic amenities and services at lower prices compared to mid-range or luxury hotels. They cater to cost-conscious travelers, providing essential comforts such as clean rooms, free Wi-Fi, and often breakfast, without the frills of higher-end hotels.

The main types of budget hotels are business hotels, airport hotels, suite hotels, serviced apartments, and resorts. Business hotels refer to accommodations specifically designed to cater to the needs of business travelers, offering amenities such as meeting rooms, high-speed internet, and convenient locations. They typically feature amenities such as free wi-fi, parking, airport shuttles, and breakfast, and are available in price ranges including economy, mid-range, and luxury. Booking modes include online travel agencies, hotel websites, direct booking, and others, serving various applications in private, commercial, and government.

Budget Hotels Market Segmentation

The budget hotels market 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

Global Budget Hotels Market Size 2023 to 2028: Graph

Budget Hotels Market Size 2024 And Growth Rate

The budget hotels market size has grown strongly in recent years. It will grow from $270.43 billion in 2023 to $284.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increased demand for budget-friendly accommodation options during economic downturns and uncertainties, rise in local travel due to pandemic-related restrictions on international travel, increased popularity of online platforms, enhanced quality and variety of amenities offered by budget hotels to attract more guests, growth in budget-conscious business travelers seeking cost-effective accommodation.

Budget Hotels Market Growth Forecast

The budget hotels market size is expected to see strong growth in the next few years. It will grow to $351.76 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the continued preference for budget hotels due to ongoing economic challenges and inflation, a growing number of digital nomads seeking affordable long-term stays in budget hotels, continued focus on hygiene and safety standards, attracting budget-conscious travelers, increase in solo travelers and backpackers opting for budget-friendly accommodation, travelers becoming more cost-conscious, seeking value-for-money accommodation. Major trends in the forecast period include the implementation of AI-powered customer service, integration of local experiences, stylish and unique budget hotels, technology-driven personalization, and incorporation of wellness amenities such as fitness centers, healthy dining options, and wellness programs.

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Budget Hotels Market Driver: Rising Travel And Tourism Drives Growth In The Budget Hotels Market

The increasing travel and tourism is expected to propel the growth of the budget hotel market going forward. Travel and tourism refer to the activities of people traveling away from their usual environment for leisure, business, or other purposes, and the industry that supports and facilitates these activities. The demand for travel and tourism is growing due to rising disposable incomes, increased global connectivity, and a growing desire for unique experiences and cultural exploration. Tours and tourism use budget hotels to offer affordable accommodation options for travelers, enhancing accessibility and inclusivity in their travel experiences. For instance, in May 2024, according to the Office for National Statistics, a UK-based national statistical institute, the UK saw a rise in overseas visitors, with 38.0 million trips compared in 2023 to 31.2 million in 2022. These visitors spent $39.95 billion (£31.1 billion), an increase of $5.91 billion (£4.6 billion) from the previous year. Therefore, increasing travel and tourism will drive the budget hotel market.

Global Budget Hotels Market Major Players

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.

Global Budget Hotels Market Trend: Integrating Technology In Budget Hotels Enhance Customer Service and Operational Efficiency

Major companies operating in the budget hotel market focused on the integration of large language model technology to enhance customer service and optimize operational efficiency. Large language model technology refers to advanced AI systems that understand and generate human-like text based on vast amounts of data. For instance, in June 2023, Booking Holdings Inc., a US-based provider of online travel and related services, launched a new AI Trip Planner featuring a conversational interface that lets travelers ask questions, seek inspiration, and refine their searches in real-time. The tool provides personalized recommendations for destinations and accommodations based on individual preferences and allows users to create detailed itineraries for various cities, countries, or regions. Integrated with the Booking.com app, it displays pricing and offers direct links to accommodation details, enabling users to book recommended options with a single tap.

Budget Hotels Market Merger And Acquisition: Travelodge Expands Reach With Acquisition Of Hotels From LXi REIT

In February 2024, Travelodge Hotels Limited, a UK-based hospitality company, acquired 66 hotels from LXi REIT for $266 million. Through this acquisition of 66 hotels across London, the Midlands, and Northern England, Travelodge gains greater control over the assets, facilitating enhanced value creation. LXi REIT is a UK-based closed-end real estate investment company.

Regional Outlook For The Global Budget Hotels Market

North America was the largest region in the budget hotels market in 2023. The regions covered in the budget hotels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the budget hotels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The budget hotels market includes revenues earned by entities by providing services such as basic accommodation, front desk service, and standard amenities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The budget hotels market research report is one of a series of new reports from The Business Research Company that provides budget hotels market statistics, including the budget hotels industry's global market size, regional shares, competitors with an budget hotels market share, detailed budget hotels market segments, market trends and opportunities, and any further data you may need to thrive in the budget hotels industry. This budget hotels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Budget Hotels Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$284.83 billion
Revenue Forecast In 2033	$351.76 billion
Growth Rate	CAGR of 5.4% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	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
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	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.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Budget Hotels Market Characteristics

3. Budget Hotels Market Trends And Strategies

4. Budget Hotels Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Budget Hotels Market Size and Growth

5.1. Global Budget Hotels Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Budget Hotels Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Budget Hotels Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Budget Hotels Market Segmentation

6.1. Global Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Business Hotels

Airport Hotels

Suite Hotels

Serviced Apartments

Resorts

6.2. Global Budget Hotels Market, Segmentation By Amenities, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Free Wi-Fi

Parking

Airport Shuttle

Breakfast

6.3. Global Budget Hotels Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Economy

Mid-Range

Luxury

6.4. Global Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Online Travel Agency

Hotel Websites

Direct Booking

Other Modes Of Booking

6.5. Global Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Private

Commercial

Government

7. Budget Hotels Market Regional And Country Analysis

7.1. Global Budget Hotels Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Budget Hotels Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Budget Hotels Market

8.1. Asia-Pacific Budget Hotels Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Budget Hotels Market

9.1. China Budget Hotels Market Overview

9.2. China Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Budget Hotels Market

10.1. India Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Budget Hotels Market

11.1. Japan Budget Hotels Market Overview

11.2. Japan Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Budget Hotels Market

12.1. Australia Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Budget Hotels Market

13.1. Indonesia Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Budget Hotels Market

14.1. South Korea Budget Hotels Market Overview

14.2. South Korea Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Budget Hotels Market

15.1. Western Europe Budget Hotels Market Overview

15.2. Western Europe Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Budget Hotels Market

16.1. UK Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Budget Hotels Market

17.1. Germany Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Budget Hotels Market

18.1. France Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Budget Hotels Market

19.1. Italy Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Budget Hotels Market

20.1. Spain Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Budget Hotels Market

21.1. Eastern Europe Budget Hotels Market Overview

21.2. Eastern Europe Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Budget Hotels Market

22.1. Russia Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Budget Hotels Market

23.1. North America Budget Hotels Market Overview

23.2. North America Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Budget Hotels Market

24.1. USA Budget Hotels Market Overview

24.2. USA Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Budget Hotels Market

25.1. Canada Budget Hotels Market Overview

25.2. Canada Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Budget Hotels Market

26.1. South America Budget Hotels Market Overview

26.2. South America Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Budget Hotels Market

27.1. Brazil Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Budget Hotels Market

28.1. Middle East Budget Hotels Market Overview

28.2. Middle East Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Budget Hotels Market

29.1. Africa Budget Hotels Market Overview

29.2. Africa Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Budget Hotels Market Competitive Landscape And Company Profiles

30.1. Budget Hotels Market Competitive Landscape

30.2. Budget Hotels Market Company Profiles

30.2.1. Holiday Inn Express

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. InterContinental Hotels Group

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Whitbread PLC

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Choice Hotels International

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Extended Stay America Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Budget Hotels Market Other Major And Innovative Companies

31.1. Premier Inn Limited

31.2. Travelodge Hotels Ltd

31.3. Red Roof Franchising LLC

31.4. Oravel Stays Limited

31.5. Toyoko Inn Co. Ltd.

31.6. Econo Lodges of America Inc.

31.7. B&B HOTELS Group

31.8. G6 Hospitality LLC

31.9. La Quinta Inns Inc.

31.10. easyHotel

31.11. HotelF1

31.12. Future Inns UK Limited

31.13. Campanile Ltd

31.14. Bannatyne Hotels Limited

31.15. IBIS Hotel

32. Global Budget Hotels Market Competitive Benchmarking

33. Global Budget Hotels Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Budget Hotels Market

35. Budget Hotels Market Future Outlook and Potential Analysis

35.1 Budget Hotels Market In 2028 - Countries Offering Most New Opportunities

35.2 Budget Hotels Market In 2028 - Segments Offering Most New Opportunities

35.3 Budget Hotels Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Budget Hotels Market, Segmentation By Amenities, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Budget Hotels Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Budget Hotels Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Global Budget Hotels Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: Asia-Pacific, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: China, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: India, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Japan, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Australia, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: Indonesia, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: South Korea, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Western Europe, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: UK, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: Germany, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: France, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Italy, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Spain, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Eastern Europe, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: Russia, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: North America, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: USA, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: Canada, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: South America, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Brazil, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Middle East, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Africa, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 76: Holiday Inn Express Financial Performance

Table 77: InterContinental Hotels Group Financial Performance

Table 78: Whitbread PLC Financial Performance

Table 79: Choice Hotels International Financial Performance

Table 80: Extended Stay America Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Budget Hotels Market, Segmentation By Amenities, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Budget Hotels Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Budget Hotels Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Global Budget Hotels Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: Asia-Pacific, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: China, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: India, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Japan, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Australia, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: Indonesia, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: South Korea, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Western Europe, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: UK, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: Germany, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: France, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Italy, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Spain, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Eastern Europe, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: Russia, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: North America, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: USA, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: Canada, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: South America, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Brazil, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Middle East, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Budget Hotels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Budget Hotels Market, Segmentation By Mode Of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Africa, Budget Hotels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 76: Holiday Inn Express Financial Performance

Figure 77: InterContinental Hotels Group Financial Performance

Figure 78: Whitbread PLC Financial Performance

Figure 79: Choice Hotels International Financial Performance

Figure 80: Extended Stay America Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the budget hotels market?

How will the budget hotels market drivers and restraints affect the budget hotels market dynamics? What forces will shape the budget hotels industry going forward?

The budget hotels market major growth driver - Rising Travel And Tourism Drives Growth In The Budget Hotels Market. For further insights on the budget hotels market, request a sample here

What is the forecast market size or the forecast market value of the budget hotels market?

The budget hotels market size has grown strongly in recent years. It will grow from $270.43 billion in 2023 to $284.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increased demand for budget-friendly accommodation options during economic downturns and uncertainties, rise in local travel due to pandemic-related restrictions on international travel, increased popularity of online platforms, enhanced quality and variety of amenities offered by budget hotels to attract more guests, growth in budget-conscious business travelers seeking cost-effective accommodation. The budget hotels market size is expected to see strong growth in the next few years. It will grow to $351.76 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the continued preference for budget hotels due to ongoing economic challenges and inflation, a growing number of digital nomads seeking affordable long-term stays in budget hotels, continued focus on hygiene and safety standards, attracting budget-conscious travelers, increase in solo travelers and backpackers opting for budget-friendly accommodation, travelers becoming more cost-conscious, seeking value-for-money accommodation. Major trends in the forecast period include the implementation of AI-powered customer service, integration of local experiences, stylish and unique budget hotels, technology-driven personalization, and incorporation of wellness amenities such as fitness centers, healthy dining options, and wellness programs. For further insights on the budget hotels market, request a sample here

How is the budget hotels market segmented?

The budget hotels market 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, GovernmentFor further insights on the budget hotels market, request a sample here

Which region has the largest share of the budget hotels market? What are the other regions covered in the report?

North America was the largest region in the budget hotels market in 2023. The regions covered in the budget hotels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the budget hotels market, request a sample here.

Who are the major players 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. For further insights on the budget hotels market, request a sample here.

What are the key trends in the budget hotels market?

Major trend in the budget hotels market - Integrating Technology In Budget Hotels Enhance Customer Service and Operational Efficiency. For further insights on the budget hotels market, request a sample here.

What are the major opportunities in the budget hotels market? What are the strategies for the budget hotels market?

For detailed insights on the major opportunities and strategies in the budget hotels market, request a sample here.

How does the budget hotels market relate to the overall economy and other similar markets?

For detailed insights on budget hotels market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the budget hotels industry?

For detailed insights on the mergers and acquisitions in the budget hotels industry, request a sample here.

What are the key dynamics influencing the budget hotels market growth? SWOT analysis of the budget hotels market.

For detailed insights on the key dynamics influencing the budget hotels market growth and SWOT analysis of the budget hotels industry, request a sample here.