A new market study, titled "Discover Global Budget Hotel
Market By Upcoming Trends, Growth Drivers and Challenges" has been featured on WiseGuyReports.
CHEAP SHOT Fury checks into budget hotel
Goldman Sachs (NYSE: GS) is in talks to purchase a budget hotel
chain, according to Bloomberg.
Khoo said that most budget hotels
do not charge high rates and that the RM10 imposed upon foreign tourists would force the foreign tourist to choose better lodgings if they have to pay a higher sum for hotel rooms per night.
They have also requested budget hotels
, (non-star hotels) which meet B+ or two stars hotel rating, must also been given access to the e-permit system to ensure that their business is not affected negatively.
Target: 55 hotels let to budget hotel
brand Travelodge Hotels
The global budget hotels
market registered moderate growth in 2014, based on the Canadean analysis of 40 countries around the world.
Earlier this year budget hotel
Tune opened in the historic Queen Builiding on Castle Street, which is proving attractive to investors.
And given the average incomes in the country, most action is in the budget hotel
Considering the huge increase of China's economy stimulated both domestic and international budget hotel
sectors to come to the market (Dai & Shu, 2007; National Bureau of Statistics of China 2004; Zhang, Cai, & Kavanaugh, 2008).
Japan's telecoms and internet giant Soft Bank Corp has held talks with Oyo Rooms, a branded budget hotel
marketplace, for leading a massive $100 million or Rs 630 crore financing round in the company, people familiar with the matter told TOI.
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.