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.

Table of Contents
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