Receive our newsletter – data, insights and analysis delivered to you
December 13, 2007

UK Report Says Budget Hotels to Treble in Twenty Years

The UK budget hotel sector is set to treble by 2027, growing up to ten times faster than the rest of the hotel industry, according to a report by Melvin Gold Consulting. The report, commissioned by Travelodge, says there are 729,000 rooms in the UK, with the budget sector accounting for

By cms admin

The UK budget hotel sector is set to treble by 2027, growing up to ten times faster than the rest of the hotel industry, according to a report by Melvin Gold Consulting.

The report, commissioned by Travelodge, says there are 729,000 rooms in the UK, with the budget sector accounting for 85,665, or 12 percent of the market.

The budget sector is expected to grow by 225,400 rooms, representing 26.3 percent of the market, by 2027.

Travelodge CEO Grant Hearn says the budget sector is the “engine room” of the hotel market and its phenomenal growth reflects consumers’ desire for the no-frills approach.

“Budget hotels are successfully taking the hotel industry into the mass market like Primark, Tesco and Ryanair have managed to do in their sectors,” Hearn says.

“The UK consumer is not compromising on value and inconsistent standards of their stay.

Content from our partners
Untapped: How Turks and Caicos is primed for tourism investment
Untapped: How Turks and Caicos is primed for tourism investment
LG smart hospitality solutions in a post-COVID era

“This is driving the unbranded tatty hotels and guest houses out of the market.

“The budget sector is weaving hotels into everybody’s daily life, making staying away more accessible than ever.”

by staff writer

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU