Hostels Global Market Report 2024

Hostels Global Market Report 2024 – By Price Point (Economy, Mid-Range, Luxury), By Type (Students, Workers, Other Types), By Booking (Online Bookings, Direct Bookings, Other Booking Modes) – Market Size, Trends, And Global Forecast 2024-2033

Name: Hostels Global Market Report 2024
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Hostels Global Market Report 2024

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Hostels Market Definition

A hostel can be described as a kind of budget-friendly shared accommodation that has a common area. Hostels typically have dorm-style rooms for travelers, but private rooms and hotel-like facilities are also available nowadays. Hostels prefer to concentrate on building a sociable atmosphere and are much less costly than hotels.

The main types of hostels are for students, workers, and others. A student hostel is a structure used by educational institutions to house their enrolled students. The different modes of booking involve online bookings, direct bookings, and others, and the price point of the services includes economy, mid-range, and luxury.

Hostels Market Segmentation

The hostels market covered in this report is segmented –

1) By Price Point: Economy, Mid-Range, Luxury

2) By Type: Students, Workers, Other Types

3) By Booking: Online Bookings, Direct Bookings, Other Booking Modes

Global Hostels Market Size 2023 to 2028: Graph

Hostels Market Size 2024 And Growth Rate

The hostels market size has grown steadily in recent years. It will grow from $6.35 billion in 2023 to $6.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population, a rise in disposable income, acceptance of solo travel and an increase in paid leaves globally.

Hostels Market Growth Forecast

The hostels market size is expected to see steady growth in the next few years. It will grow to $8.06 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to millennial travelers, rising spend on leisure, shift in travel trends, the resurgence of staycations, government initiatives, increasing internet penetration and smartphone usage and an increase in budget-conscious travelers. Major trends in the forecast period include focusing on hybrid hostels, focusing on eco-friendly hostel pattern, focusing on yoga hostels providing health benefits, leveraging digital technology in their hotel management systems and adopting artificial intelligence technology for higher engagement.

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Hostels Market Driver: Rise In Solo Travel Fuels Hostel Market Growth

The rise of solo travel is a key factor driving the growth of the hostel market. Due to low cost, good value, experience-based accommodation, convenient places, and opportunities to meet other travelers, solo travelers are opting for hostels. For instance, according to Solo Travel Statistics and Data: 2021-2022 published by Solo Traveler, a US-based provider of tips and advice on destinations to solo travelers, in the survey, 70% of respondents said they were ready to travel internationally again in 2021. More people, regardless of age, indicated that they typically spend $1,000 to $2,000 per week on travel. This month, Google searches for solo travel since April 2020 quadrupled to a new high, with demand visible across all age groups. Therefore, the rise in solo travel is driving the growth of the hostel market.

Hostels Market Driver: Student Migration For Education To Drive Market Growth

The rising student migration for education is expected to propel the growth hostel market. Student migration refers to the movement of individuals, typically young people, from their home countries or regions to foreign countries or different locations within their own country to pursue higher education or academic studies. Hostels capitalize on their proximity to educational institutions, affordability, adaptability to student needs, and their role in fostering a sense of community among diverse student populations, making them a crucial solution for students seeking convenient and cost-effective housing during their academic journeys. For instance, in November 2022, according to the Institute of International Education, a US-based policy institute, during the academic year 2021/2022, U.S. higher education institutions enrolled 948,519 international students hailing from over 200 different places of origin, marking a 4% growth compared to the previous academic year. Therefore, the rising student migration for education is driving the growth of the hostel market.

Global Hostels Market Major Players

Major companies operating in the hostels market report are A&O Hotels and Hostels, Che Lagarto, St Christopher’s Inns, Vietnam Backpacker Hostels, Loki Hostels, goSTOPS, MEININGER Hotels, Bohemian Hostels, Hotelogix PMS, Sundance Hostel, Beijing Downtown Travelotel, 11 Youth Hostel, Hostel One, Lijiang Garden Inn, Mad Monkey Hostels, Chengdu Dragon Town Sichuan Style Hostel, The Hosteller, Kunming Cloudland Youth Hostel, Viajero, Grand Pearl Hostel for Boys, New Teddy Hostel, Plus Hostels, Toc Hostel & Suites, OPERA Property Management System (PMS), Backpacker Panda, Generator Hostels, Hostelling International, Posadas Group, YHA England & Wales, Clink Hostels, Mix, Safestay Plc, Combo Hostels, Vedanta Wake Up, Freehand Hotels, Hostelling International Canada, high garden hostels (Nigeria), Canada Hostels, Wombat’s Hostels, Cloudbeds, Pakachere Backpackers Lodge, Hotels. Ng, WOKSEN, Wild Rover, Rodamon Hostel, Gaviota, Atlantica, Hop Inn, Green Tortoise Hostel, Moustache, Safestay, The BIG Backpackers, Dar Surf Hostel, HomeStar - Jumeirah Beach, Nomads, elmenus, Pappi Chulo, International Youth Hostels (YHAI), Azalaï HotelsTented Adventures, The Hostel Crowd

Global Hostels Market Restraint: Misconceptions About Hostels To Limit Market Growth

The major misconceptions held by the population are the major factors restraining the hostel market. There are many misconceptions held about hostels globally that often lead to people creating a negative opinion about them. Generally, people assume hostels are only for young people; some feel that the hostels are unhygienic and they're not safe. In addition, people who had bad experiences in hostels have generalized the notion to all the hostels and refrain from using them. Such misconceptions limit the growth of the hostel market.

Global Hostels Market Trend: Emerging Trend Of Hybrid Hostels

The introduction of hybrid hostels is a key trend in the hostel market. To satisfy young urban professional travelers, hybrid hostels combine the affordability and sociability of dorm accommodation with the upscale facilities of traditional hotels. For instance, the Stay Hybrid Hostel is centrally located in Thessaloniki, near the Ladadika and Valaoritou areas. Every room at Stay Hybrid Hostel is air-conditioned, with exclusive music references. They offer personal rooms with personal facilities, tables for beds, a small desk, a wardrobe, and a flat-screen TV.

Global Hostels Market Trend: Emerging Trend Of Boutique Hostels

Major companies operating in the hostel market are introducing boutique hostels to secure a competitive edge in the market. Boutique hostels refer to a category of hostels that combine elements of the traditional hostel experience with a more upscale and unique atmosphere. For instance, in January 2021, Leisure Hotels Group, an India-based hospitality company launched The Hideaway Bedzzz, a new boutique hybrid hostel-hotel. It caters to young travelers and backpackers, offering smart guest rooms, premium bunk options, a recreational lounge, and a rooftop café. The hostel provides in-house entertainment and facilitates outdoor activities like treks and white-water rafting, fostering connections among like-minded travelers.

Hostels Market Merger And Acquisition: Collective Hospitality Acquires Bodega Hostels

In April 2021, Collective Hospitality (CH), the owner and operator of Slumber Party Hostels (SHG), Path, and Socialtel brands, completed the acquisition of Bodega Hostels for an undisclosed amount. The deal was a strategic move aimed at growing Collective Hospitality's market share, and the acquisition has made it the largest hostel company in South East Asia and fourth-largest globally, with 25 properties and more than 2,500 beds across Thailand, Indonesia, and Cambodia. Bodega Hostels was founded in 2013 and currently manages nine hostels in significant tourist areas in Thailand, including two in Bangkok (Khaosan and Sukhumvit Road), two in Chiang Mai (Old Town and Thapae), and one each in Koh Phangan, Mae Hong Son, Phuket, Ao Nang, and Siem Reap.

Regional Analysis For The Global Hostels Market

Asia-Pacific is the largest region in the hostels market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global hostels market during the forecast period. The regions covered in the hostels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hostels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The hostel market consists of revenues earned by entities by providing hostels and related services. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The hostel market research report is one of a series of new reports from The Business Research Company that provides hostel market statistics, including global market size, regional shares, competitors with a hostel market share, detailed hostel market segments, market trends and opportunities, and any further data you may need to thrive in the hostel industry. This hostel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hostels Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$6.64 billion
Revenue Forecast In 2033	$8.06 billion
Growth Rate	CAGR of 4.9% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Price Point: Economy, Mid-Range, Luxury 2) By Type: Students, Workers, Other Types 3) By Booking: Online Bookings, Direct Bookings, Other Booking Modes
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	A&O Hotels and Hostels; Che Lagarto; St Christopher’s Inns; Vietnam Backpacker Hostels; Loki Hostels; goSTOPS; MEININGER Hotels; Bohemian Hostels; Hotelogix PMS; Sundance Hostel; Beijing Downtown Travelotel; 11 Youth Hostel; Hostel One; Lijiang Garden Inn; Mad Monkey Hostels; Chengdu Dragon Town Sichuan Style Hostel; The Hosteller; Kunming Cloudland Youth Hostel; Viajero; Grand Pearl Hostel for Boys; New Teddy Hostel; Plus Hostels; Toc Hostel & Suites; OPERA Property Management System (PMS); Backpacker Panda; Generator Hostels; Hostelling International; Posadas Group; YHA England & Wales; Clink Hostels; Mix; Safestay Plc; Combo Hostels; Vedanta Wake Up; Freehand Hotels; Hostelling International Canada; high garden hostels (Nigeria); Canada Hostels; Wombat’s Hostels; Cloudbeds; Pakachere Backpackers Lodge; Hotels. Ng; WOKSEN; Wild Rover; Rodamon Hostel; Gaviota; Atlantica; Hop Inn; Green Tortoise Hostel; Moustache; Safestay; The BIG Backpackers; Dar Surf Hostel; HomeStar - Jumeirah Beach; Nomads; elmenus; Pappi Chulo; International Youth Hostels (YHAI); Azalaï HotelsTented Adventures; The Hostel Crowd
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1. Executive Summary

2. Hostels Market Characteristics

3. Hostels Market Trends And Strategies

4. Hostels Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Hostels Market Size and Growth

5.1. Global Hostels Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Hostels Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Hostels Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Hostels Market Segmentation

6.1. Global Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Students

Workers

Other Types

6.2. Global Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Economy

Mid-Range

Luxury

6.3. Global Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Online Bookings

Direct Bookings

Other Mode Of Booking

7. Hostels Market Regional And Country Analysis

7.1. Global Hostels Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Hostels Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Hostels Market

8.1. Asia-Pacific Hostels Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Hostels Market

9.1. China Hostels Market Overview

9.2. China Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Hostels Market

10.1. India Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Hostels Market

11.1. Japan Hostels Market Overview

11.2. Japan Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Hostels Market

12.1. Australia Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Hostels Market

13.1. Indonesia Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Hostels Market

14.1. South Korea Hostels Market Overview

14.2. South Korea Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Hostels Market

15.1. Western Europe Hostels Market Overview

15.2. Western Europe Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Hostels Market

16.1. UK Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Hostels Market

17.1. Germany Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Hostels Market

18.1. France Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Hostels Market

19.1. Italy Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Hostels Market

20.1. Spain Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Hostels Market

21.1. Eastern Europe Hostels Market Overview

21.2. Eastern Europe Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Hostels Market

22.1. Russia Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Hostels Market

23.1. North America Hostels Market Overview

23.2. North America Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Hostels Market

24.1. USA Hostels Market Overview

24.2. USA Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Hostels Market

25.1. Canada Hostels Market Overview

25.2. Canada Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Hostels Market

26.1. South America Hostels Market Overview

26.2. South America Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Hostels Market

27.1. Brazil Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Hostels Market

28.1. Middle East Hostels Market Overview

28.2. Middle East Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Hostels Market

29.1. Africa Hostels Market Overview

29.2. Africa Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Hostels Market Competitive Landscape And Company Profiles

30.1. Hostels Market Competitive Landscape

30.2. Hostels Market Company Profiles

30.2.1. A&O Hotels and Hostels

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Che Lagarto

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. St Christopher’s Inns

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Vietnam Backpacker Hostels

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Loki Hostels

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Hostels Market Other Major And Innovative Companies

31.1. goSTOPS

31.2. MEININGER Hotels

31.3. Bohemian Hostels

31.4. Hotelogix PMS

31.5. Sundance Hostel

31.6. Beijing Downtown Travelotel

31.7. 11 Youth Hostel

31.8. Hostel One

31.9. Lijiang Garden Inn

31.10. Mad Monkey Hostels

31.11. Chengdu Dragon Town Sichuan Style Hostel

31.12. The Hosteller

31.13. Kunming Cloudland Youth Hostel

31.14. Viajero

31.15. Grand Pearl Hostel for Boys

32. Global Hostels Market Competitive Benchmarking

33. Global Hostels Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Hostels Market

35. Hostels Market Future Outlook and Potential Analysis

35.1 Hostels Market In 2028 - Countries Offering Most New Opportunities

35.2 Hostels Market In 2028 - Segments Offering Most New Opportunities

35.3 Hostels Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Hostels Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Hostels Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: A&O Hotels and Hostels Financial Performance

Table 75: Che Lagarto Financial Performance

Table 76: St Christopher’s Inns Financial Performance

Table 77: Vietnam Backpacker Hostels Financial Performance

Table 78: Loki Hostels Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Hostels Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Hostels Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Hostels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Hostels Market, Segmentation By Price Point, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: A&O Hotels and Hostels Financial Performance

Figure 75: Che Lagarto Financial Performance

Figure 76: St Christopher’s Inns Financial Performance

Figure 77: Vietnam Backpacker Hostels Financial Performance

Figure 78: Loki Hostels Financial Performance

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Frequently Asked Questions

What is the definition of the hostels market?

How will the hostels market drivers and restraints affect the hostels market dynamics? What forces will shape the hostels industry going forward?

The hostels market major growth driver - Rise In Solo Travel Fuels Hostel Market Growth. For further insights on the hostels market, request a sample here

What is the forecast market size or the forecast market value of the hostels market?

The hostels market size has grown steadily in recent years. It will grow from $6.35 billion in 2023 to $6.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population, a rise in disposable income, acceptance of solo travel and an increase in paid leaves globally. The hostels market size is expected to see steady growth in the next few years. It will grow to $8.06 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to millennial travelers, rising spend on leisure, shift in travel trends, the resurgence of staycations, government initiatives, increasing internet penetration and smartphone usage and an increase in budget-conscious travelers. Major trends in the forecast period include focusing on hybrid hostels, focusing on eco-friendly hostel pattern, focusing on yoga hostels providing health benefits, leveraging digital technology in their hotel management systems and adopting artificial intelligence technology for higher engagement. For further insights on the hostels market, request a sample here

How is the hostels market segmented?

The hostels market is segmented
1) By Price Point: Economy, Mid-Range, Luxury
2) By Type: Students, Workers, Other Types
3) By Booking: Online Bookings, Direct Bookings, Other Booking ModesFor further insights on the hostels market, request a sample here

Which region has the largest share of the hostels market? What are the other regions covered in the report?

Asia-Pacific is the largest region in the hostels market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global hostels market during the forecast period. The regions covered in the hostels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the hostels market, request a sample here.

Who are the major players in the hostels market?

What are the key trends in the hostels market?

Major trend in the hostels market - Emerging Trend Of Hybrid Hostels. For further insights on the hostels market, request a sample here.

What are the major opportunities in the hostels market? What are the strategies for the hostels market?

For detailed insights on the major opportunities and strategies in the hostels market, request a sample here.

How does the hostels market relate to the overall economy and other similar markets?

For detailed insights on hostels market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the hostels industry?

For detailed insights on the mergers and acquisitions in the hostels industry, request a sample here.

What are the key dynamics influencing the hostels market growth? SWOT analysis of the hostels market.

For detailed insights on the key dynamics influencing the hostels market growth and SWOT analysis of the hostels industry, request a sample here.