The Business Research Company’s report goes into great detail on the hostels market size and growth, hostels market regional analysis, hostels market competitive landscape, and other critical information needed to excel in the hostels industry.

Major players in the hostels market include 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.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global hostels market size is expected grow from $364.32 billion in 2021 to $451.99 billion in 2022 at a compound annual growth rate (CAGR) of 24.1%. The growth in the hostels market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hostels market is expected to reach $840.27 billion in 2026 at a CAGR of 16.8%.

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.

The rise of solo travel is a key factor driving the growth of the hostels market.

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The introduction of hybrid hostels is a key trend in the hostels market. To satisfy young urban professional travelers, hybrid hostels combines the affordability and sociability of dorm-accommodation with the upscale facilities of traditional hotels.

TBRC’s Global Hostels Market Report Is Segmented:
By Type: Students, Workers, Others

By Price Point: Economy, Mid-Range, Luxury

By Mode of Booking: Online Bookings, Direct Bookings, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Hostels Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the hostels market globally and regionally, analyzes and forecasts market size, share, hostels market players, hostels market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Hotel And Other Travel Accommodation Global Market Report 2022

Students And Workers Non-residential Accommodation Global Market Report 2022

Hospitality Global Market Report 2022

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