Excuse me, what does the express hotel mean? thank you

Express hotel, also known as budget hotel, is a hotel format that exists relative to the traditional full-service hotel. In foreign countries, the classification of budget hotels is mainly based on price. Combined with domestic characteristics, economy hotel can be defined as a modern hotel format with mass tourists and small and medium-sized business travelers as the main service targets, guest rooms as the only product or core product, franchising or joining as the main business model, low price (generally below RMB in 300 yuan), standardized service and high cost performance. Statistics show that in developed countries, the ratio of budget hotels to high-end star-rated hotels is generally 7:3.