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Budget hotel is the lowest category of hotel that provides the rooms and meals at cheap cost.
'Some budget hotels in Melaka charge only RM50 per room per night before the tourism tax.
HRAB also asserted that the introduction of the requirement of a hotel booking voucher in April this year has already impacted the walk-in business of the budget hotels. The budget hoteliers' business is down significantly.
* The US is the largest market in the world for budget hotels in terms of room supply (867,695 rooms in 2014) and the UK is the second largest but is significantly smaller (just 35% of the US' total size).
He says Oyo today has a network of 1,300 hotels with 14,000 rooms in 73 cities, making it "India's largest budget hotel chain." It has raised more than $125 million so far (see Leading the Way).
Hotel rooms have become more commoditized; and this is especially true for the budget hotel (Xinhua News Agency, 2006; Zhang et al., 2008).
The budget hotel aggregator space is being tracked actively by early-stage venture funds resulting in a bunch of newer players hitting the market.
[USPRwire, Mon Dec 01 2014] The budget hotels category is set for growth over the forecast period (2014-2018) due to demand for affordable lodging products, with rising middle-class populations in Asia-Pacific and Africa driving demand.
Citymax Hotels said earlier this week it is the recipient of the latest award in an award-winning year for the budget hotel chain.
Ikea has recently opened its first Moxy budget hotel in Milan, in cooperation with US diversified hospitality company Marriott International (NASDAQ:MAR).
"Courtesy cannot be compromised in hospitality, whether a lavish five-star hotel or a small one-star facility." Having said that, he says, someone booking at budget hotel really wants a comfortable bed to sleep in and a bite to eat in the morning before he steps out to either spend the day at the exhibition or to enjoy a day out in the UAE.
WHERE AND WHY Budget hotel made cool, right in the heart of Edinburgh.
ONE of Britain's biggest budget hotel operators is set to walk away from 49 of its hotels and write off pounds 700m of its debts under a controversial rescue deal.
"We will announce the first location for our budget hotel in Germany in the next few weeks, and we are in talks with hotel operators to rapidly implement our concept," Inter Ikea Business Development Manager Harald Muller told Sweden's ( Svenska Dagbladet newspaper , or SvD.
Travelodge, the UK budget hotel chain owned by Dubai International Capital, said the company faced no bankruptcy risk and would soon be getting finance from two New York-based hedge funds for restructuring debt.
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