UK Budget Hotels Market Industry Research Report: Financial Difficulties Encourage Britons to Trade Down to UK Budget Hotels
Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Budget Hotels in the UK - Industry Research Report" has been added to * ResearchAndMarkets.com's* offering.
Budget Hotels recorded good demand before COVID-19 as tourism levels were solid and many consumers sought better value for money. The fall in the pound's value following the Brexit vote expanded international tourist numbers, making domestic holidays cheaper for overseas visitors and holidays abroad more expensive for domestic consumers. This pushed up occupancy and room yield levels. The staycation trend, intensified by COVID-19 restrictions on international travel, has boosted demand for budget hotels in recent years.
This industry is comprised of establishments that provide short-term, budget-priced accommodation to UK residents and international guests.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
*A selection of companies mentioned in this report includes*
· FirstGroup plc
· Stagecoach Group Ltd
· Go-Ahead Group plc
· Metroline Ltd
· Arriva plc*Key Topics Covered:*
*ABOUT THIS INDUSTRY*
· Industry Definition
· Main Activities
· Similar Industries
· Additional Resources
*INDUSTRY AT A GLANCE*
*INDUSTRY PERFORMANCE*
· Executive Summary
· Key External Drivers
· Current Performance
· Industry Outlook
· Industry Life Cycle
*PRODUCTS & MARKETS*
· Supply Chain
· Products & Services
· Demand Determinants
· Major Markets
· International Trade
· Business Locations
*COMPETITIVE LANDSCAPE*
· Market Share Concentration
· Key Success Factors
· Cost Structure Benchmarks
· Basis of Competition
· Barriers to Entry
· Industry Globalization
*MAJOR COMPANIES*
*OPERATING CONDITIONS*
· Capital Intensity
· Technology & Systems
· Revenue Volatility
· Regulation & Policy
· Industry Assistance
*KEY STATISTICS*
· Industry Data
· Annual Change
· Key Ratios
For more information about this report visit https://www.researchandmarkets.com/r/650syt
*About ResearchAndMarkets.com*
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