The Global Budget Hotels Market to 2018

Published: Nov, 2014 | Pages: 140 | Publisher: Timetric
Industry: Travel Services | Report Format: Electronic (PDF)

Synopsis
The report provides detailed market analysis, information and insights, including:
Historic and forecast revenues in the global budget hotels market covering 40 countries.
Detailed regional analysis of budget hotels' key performance indicators, such as the number of hotel establishments, number of rooms, occupancy rate, room nights available, room nights occupied, average room revenue per available room, average room revenue per occupied room, average total revenue per available room, total room revenues, total non-room revenues, total revenues and number of guests for the review (2009-2013) and forecast (2014-2018) periods. The regions covered are the Americas, Asia-Pacific, Europe, Middle East & Africa.
Analysis of the global budget hotels market.
Detailed analysis of trends in key budget hotel markets.

Summary
The budget hotels category is set for growth over the forecast period (2014?2018) due to demand for affordable lodging products, with rising middle-class populations in Asia-Pacific and Africa driving demand. Investor interest in this particular category increased as budget hotels proved to be less susceptible than luxury hotels to the global financial crisis.
Scope
This report provides an extensive analysis related to the global budget hotels market, including:
Market sizes for 40 countries in the global budget hotels market for 2009-2013, along with forecast figures for 2014-2018
Budget hotels' key performance indicators in these countries, with values for both the 2009-2013 review period and the 2014-2018 forecast period
Reason To Buy
Take strategic business decisions using historic and forecast market data related to the global budget hotels market.
Understand key trends and growth opportunities in the global budget hotels market.
Gain strategic insights into the leading global budget hotels.
Key Highlights
Several leading international luxury hotel chains have set up economy brands to focus exclusively on budget hotels category. Marriott International introduced its economy Moxy Hotels brand in Europe in 2013. Accor Hotels has two budget hotel brands: Ibis Budget and hotelF1 (previously Formule 1). Lemon Tree Hotels operates the Red Fox budget brand in India.
Local budget and midscale hotel brands are expanding their presence into Tier II and Tier III cities such as Chennai and Surat in India, and Nanjing and Zhenzhou in China. International brands are increasingly marking their presence in these emerging markets, attracted by their lucrative potential. For example, UK-based budget hotel operator Premier Inn is active in India, while InterContinental Hotels Group's Holiday Inn Express and Holiday Inn Hotels & Resorts, and Wyndham Hotel Group's Super 8 are active in China.
The US is the largest global market for budget hotels, with revenues totaling US$12.4 billion in 2013. However, the budget category's share of the hotel industry is low in comparison to developed European economies such as the UK and France, and Latin American economies such as Brazil, Argentina and Peru. In terms of revenue, the category's penetration in the US stood at 7.6% in 2013.
The Asia-Pacific's budget hotels category registered strong growth during the review period. The category is becoming more standardized, and levels of consistency in the final product have risen. Branded hotel chains are strong in this area and are able to garner large market shares.
Europe is a key market for budget hotels: Premier Inn, Travelodge, Ibis, hotelF1, Motel One, and easy Hotel all have a presence. Many European economies were adversely affected by the financial and eurozone debt crisis. Consequently, disposable consumer incomes fell, leading to a fall in the number of trips and a rise in demand for cheaper accommodation. This has been a key driver of growth for budget hotels in Europe.
Budget hotels in the UAE are registering solid occupancy rates and provided good returns during the review period. Room occupancy rates in the country stood at 72.2% in 2013. Accor's Ibis brand entered the Middle East in 2008 and currently has six properties in the UAE running at an occupancy rate of 80%. According to Christian Karaoglanian, the chief development officer for Accor Hospitality Worldwide, the cost of building a budget hotel is 20?25% that of a luxury hotel.

 1 Global Budget Hotels - Key Trends and Issues 
2 Global Budget Hotels - Mergers and Acquisitions 
3 Global Budget Hotel KPIs - the Americas 
3.1 The Americas - Number of Budget Hotel Establishments (2009?2013) 
3.2 The Americas - Number of Rooms in Budget Hotels (2009-2013) 
3.3 The Americas - Room Occupancy Rates in Budget Hotels (2009-2013) 
3.4 The Americas - Room Nights Available in Budget Hotels (2009-2013) 
3.5 The Americas - Room Nights Occupied by Hotel Category (2009-2013) 
3.6 The Americas - Average Room Revenues per Available Room in Budget Hotels (2009-2013) 
3.7 The Americas - Average Room Revenues per Occupied Room in Budget Hotels (2009-2013) 
3.8 The Americas - Average Total Revenues per Available Room in budget Hotels (2009-2013) 
3.9 The Americas - Total Room Revenues of Budget Hotels (2009-2013) 
3.1 The Americas - Total Non-Room Revenues of Budget Hotels (2009-2013) 
3.11 The Americas - Total Revenues of Budget Hotels (2009-2013) 
3.12 The Americas - Numbers of Guests in Budget Hotels (2009-2013) 
4 Global Budget Hotel KPIS - Asia-Pacific 
4.1 Asia-Pacific - Number of Budget Hotel Establishments (2009?2013) 
4.2 Asia-Pacific - Number of Rooms in Budget Hotels (2009-2013) 
4.3 Asia-Pacific - Room Occupancy Rates in Budget Hotels (2009-2013) 
4.4 Asia-Pacific - Room Nights Available in Budget Hotels (2009-2013) 
4.5 Asia-Pacific - Room Nights Occupied by Hotel Category (2009-2013) 
4.6 Asia-Pacific - Average Room Revenues per Available Room in Budget Hotels (2009-2013) 
4.7 Asia-Pacific - Average Room Revenues per Occupied Room in Budget Hotels (2009-2013) 
4.8 Asia-Pacific - Average Total Revenues per Available Room in Budget Hotels (2009-2013) 
4.9 Asia-Pacific - Total Room Revenues of Budget Hotels (2009-2013) 
4.1 Asia-Pacific - Total Non-Room Revenues of Budget Hotels (2009-2013) 
4.11 Asia-Pacific - Total Revenues of Budget Hotels (2009-2013) 
4.12 Asia-Pacific - Numbers of Guests in Budget Hotels (2009-2013) 
5 Global Budget Hotel KPIs - Europe 
5.1 Europe - Number of Budget Hotel Establishments (2009?2013) 
5.2 Europe - Number of Rooms in Budget Hotels (2009-2013) 
5.3 Europe - Room Occupancy Rates in Budget Hotels (2009-2013) 
5.4 Europe - Room Nights Available in Budget Hotels (2009-2013) 
5.5 Europe - Room Nights Occupied by Hotel Category (2009-2013) 
5.6 Europe - Average Room Revenues per Available Room in Budget Hotels (2009-2013) 
5.7 Europe - Average Room Revenues per Occupied Room in Budget Hotels (2009-2013) 
5.8 Europe - Average Total Revenues per Available Room in Budget Hotels (2009-2013) 
5.9 Europe - Total Room Revenues of Budget Hotels (2009-2013) 
5.1 Europe - Total Non-Room Revenues of Budget Hotels (2009-2013) 
5.11 Europe - Total Revenues of Budget Hotels (2009-2013) 
5.12 Europe - Numbers of Guests in Budget Hotels (2009-2013) 
6 Global Budget Hotel KPIs - the Middle East and Africa 
6.1 The Middle East and Africa - Number of Budget Hotel Establishments (2009-2013) 
6.2 The Middle East and Africa - Number of Rooms in Budget Hotels (2009-2013) 
6.3 The Middle East and Africa - Room Occupancy Rates in Budget Hotels (2009-2013) 
6.4 The Middle East and Africa - Room Nights Available in Budget Hotels (2009-2013) 
6.5 The Middle East and Africa - Room Nights Occupied by Hotel Category (2009-2013) 
6.6 The Middle East and Africa - Average Room Revenues per Available Room in Budget Hotels (2009-2013) 
6.7 The Middle East and Africa - Average Room Revenues per Occupied Room in Budget Hotels (2009-2013) 
6.8 The Middle East and Africa - Average Total Revenues per Available Room in Budget Hotels (2009-2013) 
6.9 The Middle East and Africa - Total Room Revenues of Budget Hotels (2009-2013) 
6.1 The Middle East and Africa - Total Non-Room Revenues of Budget Hotels (2009-2013) 
6.11 The Middle East and Africa - Total Revenues of Budget Hotels (2009-2013) 
6.12 The Middle East and Africa - Numbers of Guests in Budget Hotels (2009-2013) 
7 Global Budget Hotel Profiles 
7.1 Company Profile: Red Roof Inn 
7.1.1 Red Roof Inn - company overview 
7.1.2 Red Roof Inn - main services 
7.1.3 Red Roof Inn - key employees 
7.2 Company Profile: Candlewood Suites 
7.2.1 Candlewood Suites - company overview 
7.2.2 Candlewood Suites - main services 
7.2.3 Candlewood Suites - key employees 
7.3 Company Profile: HotelF1 
7.3.1 HotelF1 - company overview 
7.3.2 HotelF1 - main services 
7.3.3 HotelF1 - key employees 
7.4 Company Profile: Ibis budget hotels 
7.4.1 Ibis budget hotels - company overview 
7.4.2 Ibis budget hotels - main services 
7.4.3 Ibis budget hotels - key employees 
7.5 Company Profile: Premier Inn Ltd 
7.5.1 Premier Inn Ltd - company overview 
7.5.2 Premier Inn Ltd - main services 
7.5.3 Premier Inn Ltd - key employees 
7.6 Company Profile: Travelodge Hotels Ltd 
7.6.1 Travelodge Hotels Ltd - company overview 
7.6.2 Travelodge Hotels Ltd - business description 
7.6.3 Travelodge Hotels Ltd - main services 
7.6.4 Travelodge Hotels Ltd - history 
7.6.5 Travelodge Hotels Ltd - SWOT alysis 
7.6.6 Travelodge Hotels Ltd - strengths 
7.6.7 Travelodge Hotels Ltd - weaknesses 
7.6.8 Travelodge Hotels Ltd - opportunities 
7.6.9 Travelodge Hotels Ltd - threats 
7.6.10 Travelodge Hotels Ltd - key competitors 
7.6.11 Travelodge Hotels Ltd - key employees 
7.7 Company Profile: Roots Corporation Ltd 
7.7.1 Roots Corporation Ltd - company overview 
7.7.2 Roots Corporation Ltd - main services 
7.7.3 Roots Corporation Ltd - key employees 
7.8 Company Profile: Home Inns & Hotels Magement Inc. 
7.8.1 Home Inns & Hotels Magement Inc. - company overview 
7.8.2 Home Inns & Hotels Magement Inc. - business description 
7.8.3 Home Inns & Hotels Magement Inc. - main services 
7.8.4 Home Inns & Hotels Magement Inc. - history 
7.8.5 Home Inns & Hotels Magement Inc. - SWOT alysis 
7.8.6 Home Inns & Hotels Magement Inc. - strengths 
7.8.7 Home Inns & Hotels Magement Inc. - weaknesses 
7.8.8 Home Inns & Hotels Magement Inc. - opportunities 
7.8.9 Home Inns & Hotels Magement Inc. - threats 
7.8.10 Home Inns & Hotels Magement Inc. - key competitors 
7.8.11 Home Inns & Hotels Magement Inc. - key employees 
7.9 Company Profile: Holiday Inn Express Hotel 
7.9.1 Holiday Inn Express Hotel - company overview 
7.9.2 Holiday Inn Express Hotel - main services 
7.9.3 Holiday Inn Express Hotel - key employees 
7.1 Company Profile: Econo Lodge Hotels 
7.10.1 Econo Lodge Hotels - company overview 
7.10.2 Econo Lodge Hotels - main services 
7.10.3 Econo Lodge Hotels - key employees 
8 Appendix 
8.1 What is this Report About? 
8.2 Definitions 
8.3 Methodology 
8.4 Contact Timetric 
8.5 About Timetric 
8.6 Timetric's Services 
8.7 Disclaimer


List of Tables
Table 1: The Americas - Shares of Budget Hotels in Overall Hotel Industry Revenues (%), 2009, 2013 and 2018 
Table 2: The Americas - Number of Budget Hotel Establishments, 2009-2018 
Table 3: The Americas - Number of Rooms in Budget Hotels (Thousand), 2009-2018 
Table 4: The Americas - Room Occupancy Rates in Budget Hotels (%), 2009-2018 
Table 5: The Americas - Room Nights Available in Budget Hotels (Million), 2009-2018 
Table 6: The Americas - Room Nights Occupied by Hotel Category (Million), 2009-2018 
Table 7: The Americas - Average Room Revenues per Available Room in Budget Hotels (US$), 2009-2018 
Table 8: The Americas - Average Room Revenues per Occupied Room in Budget Hotels (US$), 2009-2018 
Table 9: The Americas - Average Total Revenues per Available Room in Budget Hotels (US$), 2009-2018 
Table 10: The Americas - Total Room Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 11: The Americas - Total Non-Room Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 12: The Americas - Total Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 13: The Americas - Numbers of Guests in Budget Hotels (Million), 2009-2018 
Table 14: Asia-Pacific - Shares of Budget Hotels in Overall Hotel Industry Revenues (%), 2009, 2013 and 2018 
Table 15: Asia-Pacific - Number of Budget Hotel Establishments, 2009-2018 
Table 16: Asia-Pacific - Number of Rooms in Budget Hotels (Thousand), 2009-2018 
Table 17: Asia-Pacific - Room Occupancy Rates in Budget Hotels (%), 2009-2018 
Table 18: Asia-Pacific - Numbers of Room Nights Available in Budget Hotels (Million), 2009-2018 
Table 19: Asia-Pacific - Room Nights Occupied by Hotel Category (Million), 2009-2018 
Table 20: Asia-Pacific - Average Room Revenues per Available Room in Budget Hotels (US$), 2009-2018 
Table 21: Asia-Pacific - Average Room Revenues per Occupied Room in Budget Hotels (US$), 2009-2018 
Table 22: Asia-Pacific - Average Total Revenues per Available Room in Budget Hotels (US$), 2009-2018 
Table 23: Asia-Pacific - Total Room Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 24: Asia-Pacific - Total Non-Room Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 25: Asia-Pacific - Total Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 26: Asia-Pacific - Numbers of Guests in Budget Hotels (Million), 2009-2018 
Table 27: Europe - Shares of Budget Hotels in Overall Hotel Industry Revenues (%), 2009, 2013 and 2018 
Table 28: Europe - Number of Budget Hotel Establishments, 2009-2018 
Table 29: Europe - Number of Rooms in Budget Hotels (Thousand), 2009-2018 
Table 30: Europe - Room Occupancy Rates in Budget Hotels (%), 2009-2018 
Table 31: Europe - Room Nights Available in Budget Hotels (Million), 2009-2018 
Table 32: Europe - Room Nights Occupied by Hotel Category (Million), 2009-2018 
Table 33: Europe - Average Room Revenues per Available Room in Budget Hotels (US$), 2009-2018 
Table 34: Europe - Average Room Revenues per Occupied Room in Budget Hotels (US$), 2009-2018 
Table 35: Europe - Average Total Revenues per Available Room in Budget Hotels (US$), 2009-2018 
Table 36: Europe - Total Room Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 37: Europe - Total Non-Room Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 38: Europe - Total Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 39: Europe - Numbers of Guests in Budget Hotels (Million), 2009-2018 
Table 40: The Middle East and Africa - Shares of Budget Hotels in Overall Hotel Industry Revenues (%), 2009, 2013 and 2018 
Table 41: The Middle East and Africa - Number of Budget Hotel Establishments, 2009-2018 
Table 42: The Middle East and Africa - Number of Rooms in Budget Hotels (Thousand), 2009-2018 
Table 43: The Middle East and Africa - Room Occupancy Rates in Budget Hotels (%), 2009-2018 
Table 44: The Middle East and Africa - Room Nights Available in Budget Hotels (Million), 2009-2018 
Table 45: The Middle East and Africa - Room Nights Occupied by Hotel Category (Million), 2009-2018 
Table 46: The Middle East and Africa - Average Room Revenues per Available Room in Budget Hotels (US$), 2009-2018 
Table 47: The Middle East and Africa - Average Room Revenues per Occupied Room in Budget Hotels (US$), 2009-2018 
Table 48: The Middle East and Africa - Average Total Revenues per Available Room in Budget Hotels (US$), 2009-2018 
Table 49: The Middle East and Africa - Total Room Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 50: The Middle East and Africa - Total Non-Room Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 51: The Middle East and Africa - Total Revenues of Budget Hotels (US$ Million), 2009-2018 
Table 52: The Middle East and Africa - Numbers of Guests in Budget Hotels (Million), 2009-2018 
Table 53: Red Roof Inn, Key Facts 
Table 54: Red Roof Inn, Main Services 
Table 55: Red Roof Inn, Key Employees 
Table 56: Candlewood Suites, Key Facts 
Table 57: Candlewood Suites, Main Services 
Table 58: Candlewood Suites, Key Employees 
Table 59: HotelF1, Key Facts 
Table 60: HotelF1, Main Services 
Table 61: HotelF1, Key Employees 
Table 62: Ibis budget hotels, Key Facts 
Table 63: Ibis budget hotels, Main Services 
Table 64: Ibis budget hotels, Key Employees 
Table 65: Premier Inn Ltd, Key Facts 
Table 66: Premier Inn Ltd, Main Services and Brands 
Table 67: Premier Inn Ltd, Key Employees 
Table 68: Travelodge Hotels Ltd, Key Facts 
Table 69: Travelodge Hotels Ltd, Main Services 
Table 70: Travelodge Hotels Ltd, History 
Table 71: Travelodge Hotels Ltd, Key Employees 
Table 72: Roots Corporation Ltd, Key Facts 
Table 73: Roots Corporation Ltd, Main Services 
Table 74: Roots Corporation Ltd, Key Employees 
Table 75: Home Inns & Hotels Magement Inc., Key Facts 
Table 76: Home Inns & Hotels Magement Inc., Main Services and Brands 
Table 77: Home Inns & Hotels Magement Inc., History 
Table 78: Home Inns & Hotels Magement Inc., Key Employees 
Table 79: Holiday Inn Express Hotel, Key Facts 
Table 80: Holiday Inn Express Hotel, Main Services 
Table 81: Holiday Inn Express Hotel, Key Employees 
Table 82: Econo Lodge Hotels, Key Facts 
Table 83: Econo Lodge Hotels, Main Services 
Table 84: Econo Lodge Hotels, Key Employees 
Table 85: Timetric Global Budget Hotel Market Definitions