The Budget Hotels Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Budget Hotels Market?
The market size for budget hotels has seen significant expansion in recent years. An increase from $284.83 billion in 2024 to $300.83 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 5.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Budget Hotels Industry?
The Budget Hotels market is anticipated to reach a market size of $370.08 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.3%.
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What are the Key Growth Drivers Fueling the Budget Hotels Market?
The drivers in the budget hotels market are:
• Increased demand for budget-friendly accommodation during economic downturns
• Rise in local travel due to international travel restrictions
• Increased popularity of online hotel booking platforms
• Growth of budget-conscious business travelers seeking cost-effective accommodation options
Global Market Segmentation: Identifying Major Budget Hotels Industry Segments
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
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What are the emerging Trends Shaping the Future of the Budget Hotels Market?
The trends in the budget hotels market are:
• Ai-powered customer service is becoming more prevalent in the budget hotels market.
• Local experiences are being integrated into hotel offerings to enhance the customer experience.
• A trend of establishing stylistically unique budget hotels is emerging.
• Technology-driven personalization in hotel service provisioning is gaining momentum.
• Budget hotels are incorporating wellness amenities like fitness centers and healthy dining options.
Who Are the Top Competitors & Leading Players in the Budget Hotels Market?
The major players in the budget hotels market are:
• Holiday Inn Express
• InterContinental Hotels Group
• Whitbread PLC
• Choice Hotels International
• Extended Stay America Inc
Regional Dominance: Which Area Leads the Global In-Depth Budget Hotels Market Overview 2025: Growth, Trends & Analysis Market?
North America was the largest region in the budget hotels market in 2023
