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Global Budget Hotels Market Share, Size, Trends, Market
Insights, Analysis, Growth, Outlook and Forecasts to 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).
- Japan recorded the highest number of guests in 2014 and Indonesia was the fastest growing market, at
an average annual rate of 15.6% during the historic period (2010-2014). Hong Kong registered the
highest RevPAR in 2014 (US$90), while Mexico recorded the fastest-growth (CAGR 11.6%). China
registered the fastest-growth in terms of revenues during the historic period (15.2%). Portugal recorded
the fastest-growth in terms of room supply (CAGR 11%).
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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.
What else does this report offer?
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.
Table Of Content
1 Global Budget Hotels - Key Trends and Issues
2 Global Budget Hotels - Mergers and Acquisitions
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3 Global Budget Hotel KPIs - the Americas
3.1 The Americas - Number of Budget Hotel Establishments (2010?2014)
3.2 The Americas - Number of Rooms in Budget Hotels (2010-2014)
3.3 The Americas - Room Occupancy Rates in Budget Hotels (2010-2014)
3.4 The Americas - Room Nights Available in Budget Hotels (2010-2014)
3.5 The Americas - Room Nights Occupied by Hotel Category (2010-2014)
3.6 The Americas - Average Room Revenues per Available Room in Budget Hotels (2010-2014)
3.7 The Americas - Average Room Revenues per Occupied Room in Budget Hotels (2010-2014)
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