ReportsWeb- The Global Budget Hotels Market to 2020 | Page 2

remaining 25% stay in other accommodation. With 27,000 hotel rooms, Mecca is the largest hospitality market in Saudi Arabia. According to JLL, approximately 60% of the hotels are classified as budget accommodation, which is a higher proportion than in other cities in Saudi Arabia Request Sample Copy at http://www.reportsweb.com/inquiry&RW0001570942/sample - Thailand's Petroleum Authority of Thailand (PTT) Plc. planned to invest in budget hotels as it is another vertical to boost revenue for the business. It aimed to set-up 50 budget hotels at its 1,400 oil stations over the next five years (2017-2021) - Hop Inn Ermita, a Thai budget hotel chain, planned to set-up 19 budget hotels in the Philippines in the next five years (2017-2021) as it is believed that the Philippines will see the highest and fastest economic growth in ASEAN. In 2016, it opened its first outlet abroad in the center of Ermita in Manila, due to its long term and high potential for tourism Reason to Buy - Make strategic business decisions using historic and forecast market data related to global budget hotels industry - Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities Companies Mentioned: Red Roof Inn Candlewood Suites HotelF1 Ibis Budget Hotels Premier Inn Ltd Travelodge Hotels Ltd Roots Corporation Limited Home Inns & Hotels Management Inc Holiday Inn Express Hotel Econo Lodge Hotels Inquire for Report at http://www.reportsweb.com/inquiry&RW0001570942/buying Contact Us: Call: [phone] Email: [email protected]