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Company Profile
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Choice Hotels International Inc – Company Profile
Choice Hotels International Inc (Choice Hotels) operates hotel properties in the US and globally. The company provides a wide range of hotel services in the economy, mid-scale, and upscale segments. It operates hotels under several brands such as Comfort Suites, Quality, Comfort Inn, Econo Lodge, Clarion, Sleep Inn, MainStay Suites, Rodeway Inn, Cambria hotels & suites, Suburban Extended Stay Hotel, WoodSpring Suites, Clarion Pointe, Everhome Suites, and Ascend Hotel Collection. It also develops and sells cloud-based technology products including inventory...
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Sector Analysis
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The Global Budget Hotels Market to 2020
The Global Budget Hotel Market industry grew in 2015 due to demand for affordable accommodation, with an increase in the middle-class population in Asia-Pacific and European regions. The US ranked first in the Budget Hotels segment with room supply of 874,591 in 2015, followed by the UK and China, while Malaysia was the fastest-growing market at a CAGR of 12.2%. In terms of occupancy rate, Asian countries led from the front with Hong Kong (87% in 2015) at the top,...
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Sector Analysis
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The Global Budget Hotels Market to 2019
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). The US also tops the list in terms of revenues and again the UK is ranked second, though with a relatively smaller difference compared to the room supply difference. This clearly implies that the US market is saturated and registers low...
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