FAQs

Hostels Global Market Report 2022 - By Type (Students, Workers), By Price Point (Economy, Mid-Range, Luxury), By Mode of Booking (Online Bookings, Direct Bookings) - Market Size, Trends, And Global Forecast 2022 – 2026

What is the definition of the hostels market?

The hostels market consists of sales of hostels and related services. 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 travellers, 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 a hotel.

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

The rise of solo travel is a key factor driving the growth of the hostels market. However, some hostels market restraints include the misconceptions of being unhygienic and unsafe that refrain people from using them.

What is the forecast market size of the hostels market?

The hostels market forecast expects the market size to reach $840.27 billion in 2026 at a rate of 16.8%.

How is the hostels segmented?

The global hostels market is segmented -
1) By Type: Students, Workers, Others 2) By Price Point: Economy, Mid-Range, Luxury 3) By Mode of Booking: Online Bookings, Direct Bookings, Others

Which region has largest share, and what is the market size and growth by geography according to the hostels global market report?

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Who are the key players of the global hostels market?

Top competitors in the hostels market are Hostelworld, Hostelling International, Green Tortoise Hostel, London Backpackers, Newquay Backpackers, Canada Hostels, WOKSEN, Cloudbeds, A&O Hotels and Hostels, OPERA Property Management System (PMS), Hotelogix PMS, Maestro PMS, MSI CloudPM, Frontdesk Anywhere, Rezlynx PMS, RoomMaster, Safestay plc and eZee Frontdesk.

What are the key trends in the global hostels market?

Major trends influencing the hostels market include introduction of hybrid hostel. To satisfy young urban professional travelers, hybrid hostels combines the affordability and sociability of dorm-accommodation with the upscale facilities of traditional hotels.

What are the major opportunities in the hostels market and the approaches companies can take to take advantage of them?

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

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