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Articles tagged “budget hotels”

News Blog

Whitbread’s Premier Inn Gains Hotel Guests as Inflation Pounds UK

Whitbread's Premier Inn reported strong third-quarter occupancy figures for its 890 hotels, averaging 85 percent. Executives credited the performance to travelers becoming more cost-conscious during an inflationary period in its key markets of the UK, Germany, and the Middle East and thus migrating away from costlier hotel brands. The budget hotel chain said on Thursday…

Sean O'Neill | 1 year ago

Hotels

Premier Inn Sees Upsides for Itself With Economic Headwinds

Premier Inn expects to gain market share as rising energy and labor bills prompt many independent hotel owners to throw in the towel. Sad news for the industry, but good news for parent company Whitbread.

Sean O'Neill | 2 years ago

Premier Inn Sees Upsides for Itself With Economic Headwinds

Online Travel

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Not too concerned about the Fitch downgrade, Oyo would rather look at the silver lining — a projected 80 percent growth in financial year 2023. The rating revision is in line with more modest expectations for Oyo's IPO.

Peden Doma Bhutia | 2 years ago

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Business Travel

Hostelworld Launching Platform to Connect Solo Travelers Before Trips

Adding social network-like features could win it some more new-to-hosteling customers, clearly needed after racking up losses of $90 million during the pandemic. But doesn't this take the fun out of the haphazard nature of hosteling?

Matthew Parsons | 2 years ago

Hostelworld Launching Platform to Connect Solo Travelers Before Trips

Hotels

Oyo Hotels Eliminates U.S. and China as Focus for Growth

Critics have been saying for years that Oyo needed to get its house in order and to tamp down on its reckless growth plans. Whether that actually happens or not will become clear over the next year or two.

Dennis Schaal, Skift | 3 years ago

Oyo Hotels Eliminates U.S. and China as Focus for Growth

Hotels

When Being a Budget Hotel Chain Wasn’t Enough: How Asia’s RedDoorz Risks Losing Its Focus

A new brand, Sunerra, takes RedDoorz into the midscale arena of three and four stars hotels. Not only that, it will manage these hotels. Can RedDoorz do it, or will the move dilute its focus as a budget player and eat up resources?

Raini Hamdi, Skift | 3 years ago

When Being a Budget Hotel Chain Wasn’t Enough: How Asia’s RedDoorz Risks Losing Its Focus

Coronavirus

What’s Going On With Oyo, 10 Months Into the Pandemic

Oyo and its founder have long been accused of being heavy on spin even though all acknowledge that the hotel chain has been a category creator. This interview is excellent because Agarwal faced tough questioning. We know a politician who would have walked out.

Dennis Schaal, Skift | 3 years ago

Online Travel

Making More Affordable Software for the World’s Independent Hotels

We like to say there's always a way to create your own white space. HotelRunner is a startup looking at the crowded hospitality sector in fresh ways. Think the budget model of EasyJet or AirAsia, but for a hotel tech stack.

Sean O'Neill, Skift | 4 years ago

Making More Affordable Software for the World’s Independent Hotels

Hotels

Travel Megatrends 2020: Smart Design Isn’t Just for Luxe Travel Anymore

There is no turning back on the transformation of low-budget hotels from the “uncategorized” class into a legitimate segment of the global hotel industry. Future technology and the rise of Gen Z will further fuel innovation and change in the design of economy accommodations — especially in Asia.

Raini Hamdi, Skift | 4 years ago

Travel Megatrends 2020: Smart Design Isn’t Just for Luxe Travel Anymore

Hotels

Best Western: A Hotels Anomaly Ripe for Change

Best Western's unique longstanding model gives much power to its member hotels. But as changes quickly alter the industry's landscape, can the chain still compete effectively under the old ways?

Nancy Trejos, Skift | 4 years ago

Best Western: A Hotels Anomaly Ripe for Change