Budget Hotels Industry Forecast and Emerging Trends 2032

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The global Budget Hotels Market is poised for consistent growth as consumers seek affordable yet quality lodging solutions across domestic and international travel segments. According to a recent study by Dataintelo, the market was valued at USD 108.7 billion in 2023 and is projected to reach USD 173.5 billion by 2031, expanding at a CAGR of 6.1% during the forecast period from 2024 to 2031.