Changing Consumer Attitudes and Future Outlook for the Budget Hotel Industry in BRIC

Changing Consumer Attitudes and Future Outlook for the Budget Hotel Industry in BRIC

Synopsis

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 Highlights

• To meet the demands of the 2014 FIFA World Cup and the 2016 Olympic Games, the refurbishment of existing budget hotels is expected to be a key trend in the Brazilian hotel industry.
• The total number of hotels in Russia measured 114,912 in 2011. Midscale hotels comprised 80% of the total number of hotels, and were followed by luxury hotels which accounted for 14.9%. Budget hotels comprised a mere 5.1% of the total number of hotels in the Russian market.
• Budget hotel owners need to obtain multiple licenses in India. There are approximately 100 approvals required when establishing a budget hotel in India, which is almost entirely the same as for establishing a luxury hotel.
• An oversupply of hotels constructed for the 2008 Olympic Games and the 2010 Shanghai World Expo is a key challenge in China, as occupancy rates are declining. Increasing land costs in tier-one cities and a lack of knowledge about tier-two cities could be a challenge for international firms looking to enter the hospitality and leisure industry.

• 1 Executive Summary
• 2 BRIC Countries Comparison
  • 2.1 Market Opportunity
  • 2.2 Macroeconomic Drivers
• 3 Brazil
  • 3.1 Demand Outlook and Changing Market Dynamics of Budget Hotels
    • 3.1.1 Brazilian hotel industry
    • 3.1.2 Market size of budget hotels by volume
    • 3.1.3 Market size of budget hotels by value
    • 3.1.4 Key performance indicators
  • 3.2 Analysis of Consumer Attitude for Budget Hotels
    • 3.2.1 Business tourists
    • 3.2.2 Leisure tourists
    • 3.2.3 Demographics
    • 3.2.4 Spending patterns
  • 3.3 Trends and Drivers
    • 3.3.1 Consumer dynamics
    • 3.3.2 Business Dynamics
    • 3.3.3 Macroeconomic fundamentals
  • 3.4 Challenges
  • 3.5 Industry Structure and Competitiveness
    • 3.5.1 Industry Structure
    • 3.5.2 Company Profiles
• 4 Russia
  • 4.1 Demand Outlook and Changing Market Dynamics of Budget Hotels
  • 4.2 Demand Dynamics
    • 4.2.1 Russian hotel industry
    • 4.2.2 Market size of budget hotels by volume
    • 4.2.3 Market size of budget hotels by value
    • 4.2.4 Key performance indicators
  • 4.3 Analysis of Consumer Attitude for Budget Hotels
    • 4.3.1 Business tourists
    • 4.3.2 Leisure tourists
    • 4.3.3 Demographics
    • 4.3.4 Spending patterns
  • 4.4 Trends and Drivers
    • 4.4.1 Consumer dynamics
    • 4.4.2 Business dynamics
    • 4.4.3 Macroeconomic fundamentals
  • 4.5 Challenges
  • 4.6 Industry Structure and Competitiveness
    • 4.6.1 Industry Structure
    • 4.6.2 Company Profiles
• 5 India
  • 5.1 Demand Outlook and Changing Market Dynamics of Budget Hotels
  • 5.2 Demand Dynamics
    • 5.2.1 Indian hotel industry
    • 5.2.2 Market size of budget hotels by volume
    • 5.2.3 Market size of budget hotels by value
    • 5.2.4 Key performance indicators
  • 5.3 Consumer Demographics and Spending Pattern
    • 5.3.1 Business Tourists
    • 5.3.2 Leisure tourists
    • 5.3.3 Demographics
    • 5.3.4 Spending pattern
  • 5.4 Trends and Drivers
    • 5.4.1 Consumer dynamics
    • 5.4.2 Business dynamics
    • 5.4.3 Macroeconomic fundamentals
  • 5.5 Challenges
  • 5.6 Industry Structure and Competitiveness
    • 5.6.1 Industry structure
    • 5.6.2 Company profiles
• 6 China
  • 6.1 Demand Outlook and Changing Market Dynamics of Budget Hotels
  • 6.2 Demand Dynamics
    • 6.2.1 Chinese hotel industry
    • 6.2.2 Market size of budget hotels by volume
    • 6.2.3 Market size of budget hotels by value
    • 6.2.4 Key performance indicators
  • 6.3 Analysis of Consumer Attitude for Budget Hotels
    • 6.3.1 Business tourists
    • 6.3.2 Leisure tourists
    • 6.3.3 Demographics
    • 6.3.4 Spending patterns
  • 6.4 Trends and Drivers
    • 6.4.1 Consumer dynamics
    • 6.4.2 Business Dynamics
    • 6.4.3 Macroeconomic fundamentals
  • 6.5 Challenges
  • 6.6 Industry Structure and Competitiveness
    • 6.6.1 Industry structure
    • 6.6.2 Company profiles
• 7 Appendix
  • 7.1 About BRICdata
    • 7.1.1 Areas of expertise
  • 7.2 Methodology
  • 7.3 Disclaimer
• List of Tables
  • Table 1: BRIC Countries - Budget Hotel Market, 2007-2016
  • Table 2: BRIC Countries - Macroeconomic Prospects, 2012-2016
  • Table 3: BRIC Countries - Macroeconomic Indicators, 2012-2016
  • Table 4: Brazilian Hotel Industry - Number of Hotel Rooms (Units), 2007-2011
  • Table 5: Brazilian Budget Hotels Rooms,2012-2016
  • Table 6: Brazilian Hotel Industry - Budget Hotel Rooms, 2007-2011
  • Table 7: Brazilian Hotel Industry - Budget Hotel Rooms, 2012-2016
  • Table 8: Brazilian Hotel Industry - Budget Hotel Rooms (US$ Billion), (2007-2011
  • Table 9: Brazilian Hotel Industry - Budget Hotel Rooms (BRL Billion), 2007-2011
  • Table 10: Brazilian Hotel Industry - Budget Hotel Rooms (US$ Billion), 2007-2011
  • Table 11: Brazilian Hotel Industry - Budget Hotel Rooms (BRL Billion), 2007-2011
  • Table 12: Brazilian Hotel Industry - Average Revenue per Available Budget Room (US$), 2007-2011
  • Table 13 :Brazilian Hotel Industry - Average Revenue per Available Budget Room (BRL), 2007-2011
  • Table 14: Brazilian Hotel Industry - Average Revenue per Available Budget Room (BRL), 2007-2011
  • Table 15: Brazilian Hotel Industry - Average Revenue per Available Budget Room (US$), 2012-2016
  • Table 16: Brazilian Budget Hotels - Average Revenue Per Available (BRL), 2012-2016
  • Table 17: Brazilian Budget Hotel Industry - Business Tourists (Million), 2007-2016
  • Table 18: Brazilian Budget Hotel Industry - Leisure Tourists (Million Units), 2007-2016
  • Table 19: Brazilian Inbound Tourist Demographics - Gender (Million), 2007-2016
  • Table 20: Brazilian Inbound Tourist Demographics - Age group (Thousand), 2007-2016
  • Table 21: Brazilian Tourist - Spending Pattern (%), 2007-2016
  • Table 22: Brazilian Inbound Tourist - Arrival by Country (%), 2007-2016
  • Table 23: Brazilian GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
  • Table 24: Brazilian Inflation (%), 2007-2016
  • Table 25: Russian Hotel Industry - Number of Hotels, 2007-2011
  • Table 26: Russian Budget Hotels - Number of Hotels, 2007-2011
  • Table 27: Russian Budget Hotels - Number of Hotels, 2012-2016
  • Table 28: Russian Budget Hotels - Market Size (US$ Million), 2007-2011
  • Table 29: Russian Budget Hotels - Market Size (RUB Million), 2007-2011
  • Table 30: Russian Budget Hotels - Market Size (US$ Million), 2012-2016
  • Table 31: Russian Budget Hotels - Market Size (RUB Million), 2012-2016
  • Table 32: Russian Budget Hotels - Average Revenue Per Available Budget Room (US$), 2007-2011
  • Table 33: Russian Budget Hotels - Average Revenue Per Available Budget Room (RUB), 2007-2011
  • Table 34: Russian Budget Hotels - Average Revenue Per Day (US$), 2012-2016
  • Table 35: Russian Budget Hotels - Average Revenue Per Day (RUB), 2012-2016
  • Table 36: Russian Budget Hotels - Business Tourists by Volume (Million), 2007-2016
  • Table 37: Russian Budget Hotels - Leisure Tourists by Volume (Million), 2007-2016
  • Table 38: Russian Budget Hotels - Demographics of Inbound Tourists (Thousand), 2007-2016
  • Table 39: Russian Budget Hotels - Spending Pattern, 2007-2016
  • Table 40: Russian Tourism Industry - Travel Destinations - Inbound Arrivals (Thousand), 2011
  • Table 41: Russian Budget Hotels - Seasonality of Inbound Tourism (Thousand), 2007-2016
  • Table 42: Indian Hotel Industry - Number of Hotels (Thousand units), 2007-2011
  • Table 43: Indian Hotel Industry, 2012-2016
  • Table 44: Indian Hotel Industry - Budget Hotel Rooms, 2007-2011
  • Table 45: Indian Hotel Industry - Budget Hotel Rooms, 2012-2016
  • Table 46: Indian Hotel Industry - Budget Hotel Rooms (US$ Million), 2007-2011
  • Table 47: Indian Hotel Industry - Budget Hotel Rooms (INR Billion), 2007-2011
  • Table 48: Indian Hotel Industry - Budget Hotel Rooms (US$ Million), 2012-2016
  • Table 49: Indian Hotel Industry - Budget Hotel Rooms (INR Billion), 2012-2016
  • Table 50: Indian Hotel Industry - Average Revenue per Available Budget Room (US$), 2007-2011
  • Table 51: Indian Hotel Industry - Average Revenue per Available Budget Room (INR), 2007-2011
  • Table 52: Indian Hotel Industry - Average Revenue per Available Budget Room (US$), 2012-2016
  • Table 53: Indian Hotel Industry - Average Revenue per Available Budget Room (INR), 2012-2016
  • Table 54: Indian Budget Hotel Industry - Business Tourists, 2007-2016
  • Table 55: Indian Budget Hotel Industry - Leisure Tourists, 2007-2016
  • Table 56: Indian Inbound Tourist Demographics - Gender (Million), 2007-2016
  • Table 57: Indian Inbound Tourist Demographics - Gender (Million), 2007-2016
  • Table 58: Indian Tourist - Spending Pattern (%), 2007-2016
  • Table 59: Indian Inbound Tourist Arrival by Country (Million), 2011
  • Table 60: Indian Tourist - Seasonality of Inbound Tourism (Millions), 2007-2016
  • Table 61: List of Keys Hotel
  • Table 62: Chinese Hotel Industry - Number of Hotel Rooms (Thousand units) , 2007-2011
  • Table 63: Chinese Hotel Industry Number of Hotel Rooms (Thousand units), 2012-2016
  • Table 64: Chinese Hotel Industry - Budget Hotel Rooms (Thousands), 2007-2011
  • Table 65: Chinese Hotel Industry - Budget Hotel Rooms(Thousands), 2012-2016
  • Table 66: Chinese Hotel Industry - Budget Hotel Rooms (US$ Billion), 2007-2011
  • Table 67: Chinese Hotel Industry - Budget Hotel Rooms (CNY Billion), 2007-2011
  • Table 68: Chinese Hotel Industry - Budget Hotel Rooms (US$ Billion), 2012-2016
  • Table 69: Chinese Hotel Industry - Budget Hotel Rooms (CNY Billion), 2012-2016
  • Table 70: Chinese Hotel Industry - Average Revenue per Available Budget Room (US$), 2007-2011
  • Table 71: Chinese Hotel Industry - Average Revenue per Available Budget Room (CNY) ,2007-2011
  • Table 72: Chinese Hotel Industry - Average Revenue per Available Budget Room (US$), 2007-2011
  • Table 73: Chinese Hotel Industry - Average Revenue per Available Budget Room (CNY) ,2012-2016
  • Table 74: Chinese Budget Hotel Industry - Business Tourists (Million units), 2007-2016
  • Table 75: Chinese Budget Hotel Industry - Leisure Tourists(Million units), 2007-2016
  • Table 76: Chinese Inbound Tourist Demographics - Gender (Million), 2007-2016
  • Table 77: Chinese Inbound Tourist Demographics - Age Group (Million), 2007-2016
  • Table 78: Chinese Inbound Tourists - Spending Patterns (%), 2007-2016
  • Table 79: Brazilian Inbound Tourist - Arrival by Country (%), 2007-2016
  • Table 80: Chinese GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
  • Table 81: Chinese Inflation (%), 2007-2016
• List of Figures
  • Figure 1: BRIC Countries - Budget Hotel Market, 2007-2016
  • Figure 2: Brazilian Hotel Industry - Demand Outlook and Changing Market Dynamics of Budget Hotels, 2011
  • Figure 3: Brazilian Hotel Industry - Number of Hotel Rooms, 2007-2011
  • Figure 4: Brazilian Hotel Industry - Number of Hotel Rooms, 2012-2016
  • Figure 5: Brazilian Hotel Industry - Budget Hotel Rooms, 2007-2011
  • Figure 6: Brazilian Hotel Industry - Budget Hotel Rooms, 2012-2016
  • Figure 7: Brazilian Budget Hotels - Budget Hotel Rooms (BRL Billion), 2007-2011
  • Figure 8: Brazilian Hotel Industry - Budget Hotel Rooms (BRL Billion), 2007-2011
  • Figure 9: Brazilian Hotel Industry - Average Revenue per Available Budget Room (BRL), 2012-2016
  • Figure 10: Brazilian Budget Hotel Industry - Business Tourists (Million), 2007-2016
  • Figure 11: Brazilian Budget Hotel Industry - Leisure Tourists, 2007-2016
  • Figure 12: Brazilian Inbound Tourist Demographics - Gender (% ) 2007-2016
  • Figure 13: Brazilian Inbound Tourist Demographics - Age group (%), 2007-2016
  • Figure 14: Brazilian Tourists - Spending Pattern (%), 2007-2016
  • Figure 15: Brazilian Inbound Tourists, Arrival by Country (%), 2011-2016
  • Figure 16: Brazilian Tourist - Seasonality of Inbound Tourism (%), 2007-2016
  • Figure 17: Brazilian GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
  • Figure 18: Brazil - Inflation Rate (%), 2007-2016
  • Figure 19: Brazil Urban and Rural Population (%), 2007-2016
  • Figure 20: Brazilian Construction Net Output at Current Prices (US$ Billion), 2007-2016
  • Figure 21: Russian Hotel Industry - Budget Hotels, Demand and Supply, 2011
  • Figure 22: Russian Hotel Industry - Number of Hotels, 2007-2011
  • Figure 23: Russian Budget Hotels - Number of Hotels, 2007-2011
  • Figure 24: Russian Budget Hotels - Number of Hotels, 2012-2016
  • Figure 25: Russian Budget Hotels - Market Size (RUB Million), 2007-2011
  • Figure 26: Russian Budget Hotels - Market Size (RUB Million), 2012-2016
  • Figure 27: Russian Budget Hotels - Average Revenue Per Available Budget Room (RUB), 2007-2011
  • Figure 28: Russian Budget Hotels - Average Revenue Per Day (RUB Billion), 2012-2016
  • Figure 29: Russian Budget Hotels - Business Tourists by Volume (Million), 2007-2016
  • Figure 30: Russian Budget Hotels - Leisure Tourists by Volume (Million), 2007-2016
  • Figure 31: Russian Budget Hotels - Demographics of Inbound Tourists (Thousand), 2007-2016
  • Figure 32: Russian Budget Hotels - Spending Pattern, 2007-2016
  • Figure 33: Russian Budget Hotels - Seasonality of Inbound Tourism (Thousand), 2007-2016
  • Figure 34: Russian Budget Hotels - Target Regions, 2007-2016
  • Figure 35: Russian GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
  • Figure 36: Russia - Inflation Rate (%), 2007-2016
  • Figure 37: Russian Urban and Rural Population (%), 2007-2011
  • Figure 38: Russia Construction Net Output at Current Prices (US$ Billion), 2007-2016
  • Figure 39: Indian Hotel Industry - Future Outlook for Budget Hotel Industry in India
  • Figure 40: Indian Hotel Industry - Number of Hotels (Thousand units), 2007-2011
  • Figure 41: Indian Hotel Industry, 2012-2016
  • Figure 42: Indian Hotel Industry - Budget Hotel Rooms, 2007-2011
  • Figure 43: Indian Hotel Industry - Budget Hotel Rooms, 2012-2016
  • Figure 44: Indian Hotel Industry - Budget Hotel Rooms (INR Billion), 2007-2011
  • Figure 45: Indian Hotel Industry - Budget Hotel Rooms (INR Billion), 2012-2016
  • Figure 46: Indian Hotel Industry - Average Revenue per Available Budget Room (INR), 2007-2011
  • Figure 47: Indian Hotel Industry - Average Revenue per Available Budget Room (INR), 2012-2016
  • Figure 48: Indian Budget Hotel Industry - Business Tourists, 2007-2016
  • Figure 49: Indian Budget Hotel Industry - Leisure Tourists, 2007-2016
  • Figure 50: Indian Inbound Tourist Demographics - Gender (Million), 2007-2016
  • Figure 51: Indian Inbound Tourist Demographics - Age Group (Million), 2007-2016
  • Figure 52: Indian Tourist - Spending Pattern (%), 2007-2016
  • Figure 53: Indian Tourist - Seasonality of Inbound Tourism (Millions), 2007-2016
  • Figure 54: Indian GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
  • Figure 55: India - Inflation Rate (%), 2007-2016
  • Figure 56: Indian Urban and Rural Population (%), 2007-2016
  • Figure 57: India Construction Net Output at Current Prices (US$ Billion), 2007-2016
  • Figure 58: Chinese Hotel Industry - Demand Outlook and Changing Market Dynamics of Budget Hotels
  • Figure 59: Chinese Hotel Industry - Number of Hotels (Thousand units), 2007-2011
  • Figure 60: Chinese Hotel Industry Number of Hotels (Thousand units), 2012-2016
  • Figure 61: Chinese Hotel Industry - Budget Hotel Rooms( Thousands), 2007-2011
  • Figure 62: Chinese Hotel Industry - Budget Hotel Rooms(Thousands), 2012-2016
  • Figure 63: Chinese Hotel Industry - Budget Hotel Rooms (CNY Billion), 2007-2011
  • Figure 64: Chinese Hotel Industry - Budget Hotel Rooms (CNY Billion), 2012-2016
  • Figure 65: Chinese Hotel Industry - Average Revenue per Available Budget Room (CNY) ,2007-2011
  • Figure 66: Chinese Hotel Industry - Average Revenue per Available Budget Room (CNY) ,2012-2016
  • Figure 67: Chinese Budget Hotels - Business Tourists, 2007-2016
  • Figure 68: Chinese Budget Hotels - Leisure Tourists, 2007-2016
  • Figure 69: Chinese Inbound Tourist Demographics - Gender (%), 2007-2016
  • Figure 70: Chinese Inbound Tourist Demographics - Age Group (%), 2007-2016
  • Figure 71: Chinese Inbound Tourists - Spending Patterns(%), 2012-2016
  • Figure 72: Chinese Inbound Tourist - Arrival by Country (%), 2007-2016
  • Figure 73:Chinese Domestic Tourists- Seasonality, 2012-2016
  • Figure 74: Chinese GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
  • Figure 75: Chinese Inflation (%), 2007-2016
  • Figure 76: Chinese Urban and Rural Population (%), 2007-2016
  • Figure 77: Chinese Construction Net Output at Current Prices (US$ Billion), 2007-2016