Budget hotels' expansion has a long way to go
Language: English Series: Property Forecast ; 11(6) June 2008, 8-9(2)Publication details: 2008Subject(s): Summary: Article discusses the 8.8% total rooms' revenue growth of the United Kingdom budget hotel market. States that small to medium transactions are booming, as the major players in the budget hotel market seek to take advantage of falling prices to expand their property portfolios. Suggests that secondary and tertiary sites are a major growth area, with hotels being opened in smaller cities. Illustrates the gap between the market share of UK budget hotels (13.2%) and the US (25%) and France (23.4%) and suggests that there is further room for market penetration.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L144908 (Browse shelf(Opens below)) | 1 | Available | 144908-1001 |
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Article discusses the 8.8% total rooms' revenue growth of the United Kingdom budget hotel market. States that small to medium transactions are booming, as the major players in the budget hotel market seek to take advantage of falling prices to expand their property portfolios. Suggests that secondary and tertiary sites are a major growth area, with hotels being opened in smaller cities. Illustrates the gap between the market share of UK budget hotels (13.2%) and the US (25%) and France (23.4%) and suggests that there is further room for market penetration.