New Market Report: Changing Consumer Attitudes and Future Outlook for the Budget Hotel Industry in BRIC
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....
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