The report provides market analysis, information and insights, including: • In-depth analysis of the budget hotel industry in the four BRIC countries: Brazil, Russia, India and China • A comprehensive understanding of country-specific market trends, drivers, opportunities and challenges across key customer segments • Detailed market sizing of the budget hotel industry in each BRIC country for a period of ten years (2007–2016) • Detailed analysis of consumer attitudes towards budget hotels • Detailed analysis of tourist spending patterns in each of the BRIC countries
Summary
Among the BRIC countries, Brazil has the largest budget hotel market, followed by China, India and Russia. Brazil’s budget hotel market size totaled US$3.1 billion in 2011. Within BRIC countries, Brazil was the fastest-growing market during the review period, recording a CAGR of 20.64%. Brazil is anticipated to remain the fastest-growing market over the forecast period, with a CAGR of 18.65%. In all the BRIC countries, macroeconomic growth is expected to support the growth of the respective budget hotel markets. With robust projected growth in GDP, the BRIC countries are expected to continue their rapid economic growth over the forecast period, with China expected to record the strongest GDP growth at an anticipated forecast-period CAGR of 9.5%, followed by India with an anticipated forecast-period CAGR of 8%.
Scope
This report provides an extensive analysis of the budget hotel industry in the four BRIC nations: Brazil, Russia, India and China: • It provides historical and forecast market sizes for the budget hotel industry in each of the BRIC nations • It offers detailed analysis of the factors driving the growth of the budget hotel industry, and the key emerging trends and drivers in each of the BRIC nations • It provides profiles of key companies operating in budget hotel industry
Reasons To Buy
• Gain in-depth insight into the budget hotel industry in each of the BRIC countries • Understand the demand and supply-side dynamics within each BRIC budget hotel industry, along with key market trends and growth opportunities • Take informed decisions and formulate effective marketing strategies based on the report’s detailed market insights on the budget hotel industry • Assess the competitive landscape in the budget hotel market in each of the BRIC countries and formulate effective market-entry strategies
Key Highligh
• Gain in-depth insight into the budget hotel industry in each of the BRIC countries • Understand the demand and supply-side dynamics within each BRIC budget hotel industry, along with key market trends and growth opportunities • Take informed decisions and formulate effective marketing strategies based on the report’s detailed market insights on the budget hotel industry • Assess the competitive landscape in the budget hotel market in each of the BRIC countries and formulate effective market-entry strategies
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