The Average daily rate in Budget hotels, attained a global value of USD 3,366.25 million in 2021
The indicator recorded a historical decline CAGR of 6.28% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Global Hotels & Motels
The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services.
Competitive landscape
The global hotels and motels industry is dominated by large chains that operate across the budget, midscale, and upscale segments. Large-scale players such as Wyndham Hotels and Resorts, Choice Hotels, Marriott, Shanghai Jin Jiang International Hotels, InterContinental Hotels Group, and Hilton dominate this industry but operate alongside a large number of smaller, independent competitors.
The leading players in this industry tend to operate a variety of brands to appeal to a larger number of consumers. All players in this industry face the growing threat posed by short-term rental companies such as Airbnb. The COVID-19 pandemic heightened competition amongst the leading players in 2020, all of which will be looking to take advantage of the rebound expected over the coming years.
Global leading hotels & motels company profiles
Marriott International Inc (Marriott) is a hospitality service provider that operates hotels and restaurants. It operates franchises and licenses hotels, residential and timeshare properties under several luxuries, premium and select brand names. Its brands include the Ritz-Carlton, JW Marriott, St. Regis, Westin, Renaissance, Marriott Hotels, Le Meridien, Gaylord Hotels, Marriott Executive Apartments, Delta Hotels, Tribute Portfolio, Design Hotels, Courtyard and SpringHill Suites.
The company’s operations span North America, Europe, Africa, the Middle East, Asia-Pacific, Caribbean and Latin America. Marriott is headquartered in Bethesda, Maryland, the US.
Wyndham Hotels and Resorts LLC
Wyndham Hotels and Resorts LLC (Wyndham) is a hospitality service provider that owns and operates hotels, resorts and restaurants. The company’s services include accommodations services, rooms and suites, dining services, online booking services, swimming pools, business center, dining and entertainment, health activities and sports, hotel info and services, and transportation and parking.
It also provides wedding programs and meeting events. The company operates hotels and resorts under the brand names Wyndham Guayaquil, Howard Johnson Hotel Guayaquil, Howard Johnson Hotel Loja, and Howard Johnson Hotel Quito. It operates in Guayaquil, Guayas, Loja and Quito, Ecuador. Wyndham Hotels and Resorts is headquartered in Parsippany, New Jersey, the US.
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