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Limited Service Hotel Market Analysis and Future Outlook Limited Service Hotel Market has experienced notable transformation in recent years due to changing traveler preferences, budget-conscious consumer behavior, and expansion in emerging economies. Limited service hotels, known for offering essential amenities at competitive prices, have gained traction globally, especially among business travelers, millennial tourists, and digital nomads. As of 2024, the market is valued at approximately USD 90 billion and is expected to grow at a CAGR of 6.8% over the next 5–10 years, potentially reaching over USD 170 billion by 2032. Key drivers fueling this growth include the increase in domestic travel, urbanization, rising middle-class populations in Asia-Pacific and Latin America, and a shift toward experience-driven stays rather than luxury. The rise of online booking platforms, integration of technology such as contactless check-ins, and increased franchise opportunities have al...