Budget Hotels in Asian market
Categories:
Asia,
Brands,
Budget Hotels
Tags:
budget hotels
Budget Hotels in the Asian market are increasingly common as Robert Hecker discusses in this video.
Budget Hotels in Asian market - Growing beyond just 5 star hotels
It started with 5 star hotels, as a lot of the development that was happening say 20 years ago, and anything below that tended to be more, you know, mom and pop, or not in any kind of systematic way.
But know you're seeing the growth of the more segmentation in the pipelines. Both ones that are created domestically in certain countries like say Indonesia and Thailand, certainly China, where you are seeing in the most in terms of budget hotels that grow out of nowhere and have a thousand hotels.
That is spreading across the market where you are seeing branding, anywhere from budget to five star, which you didn't see 5 years ago.
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