Hostels

Impact of COVID-19 on the Global Youth Hostel Market 2020-2030 – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD)–The “Global Youth Hostel Market Report 2020-30: Growth and Change Linked to COVID-19” the report was added to ResearchAndMarkets.com offer.

The global youth hostel market is expected to grow from $ 6.08 billion in 2019 to $ 6.13 billion in 2020 at a growth rate of 1%. The weak growth in 2020 is mainly due to the economic slowdown in countries due to the COVID-19 epidemic and measures to contain it. The market is then expected to grow and reach $ 7.5 billion in 2023 at a CAGR of 6.8%.

The increased spending of millennials (aged 18-35) is a key factor in the growth of the hostel market. Common misconceptions are the main factor limiting the youth hostel market. The introduction of hybrid hostels is a key trend in the hostel market.

The main players in the youth hostel market are Hostelworld, Hostelling International, Green Tortoise Hostel, London Backpackers, Newquay Backpackers, Canada Hostels, WOKSEN, Cloudbeds, A&O Hotels and Hostels and OPERA Property Management System (PMS).

Scope of the report

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market share, trends and strategies for this market. It traces the historical and forecast growth of the market by geography. It places the market in the context of the larger youth hostel market and compares it to other markets.

  • The Market Characteristics section of the report defines and explains the market.

  • The market size section gives the market size (in billions of dollars) covering both the historical growth of the market, the impact of the COVID-19 virus and the forecast of its recovery.

  • Market segmentations break down the market into submarkets.

  • The regional and country breakdowns section gives an analysis of the market within each geography and market size by geography and compares their historical and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, major developed countries and major emerging markets.

  • The competitive landscape gives a description of the competitive nature of the market, market shares and a description of the main companies. The main financial transactions that have shaped the market in recent years are identified.

  • The Trends and Strategies section highlights likely future market developments and suggests approaches companies can take to exploit this.

  • The section of the report on the hostels market gives the background. It compares the youth hostel market with other segments of the youth hostel market by size and growth, history and forecast. It analyzes the proportion of GDP, expenditure per capita, comparison of hostels indicators.

Key topics covered

1. Summary

2. Characteristics of the hostel market

3. Size and growth of the youth hostel market

3.1. Historical global youth hostel market, 2015 – 2019, billion dollars

3.1.1. Market pilots

3.1.2. Market restrictions

3.2. Global Hostel Forecast Market, 2019-2023F, 2025F, 2030F, in USD Billions

3.2.1. Market pilots

3.2.2. Market restrictions

4. Segmentation of the youth hostel market

4.1. Global Youth Hostel Market, Segmentation by Type, History and Forecast, 2015-2019, 2023F, 2025F, 2030F, in USD Billion

4.2. Global youth hostel market, segmentation by price, history and forecast, 2015-2019, 2023F, 2025F, 2030F, in billions of dollars

4.3. Global youth hostel market, segmentation by booking method, history and forecast, 2015-2019, 2023F, 2025F, 2030F, in billions of dollars

  • Online reservations

  • Direct bookings

  • Others

5. Regional and national analysis of the youth hostel market

5.1. Global youth hostel market, divided by region, historical and forecast, 2015-2019, 2023F, 2025F, 2030F, in billions of dollars

5.2. Global youth hostel market, divided by country, historical and forecast, 2015-2019, 2023F, 2025F, 2030F, in billions of dollars

Companies mentioned

  • Hostelworld

  • Hostelling International

  • Green Turtle Inn

  • London backpackers

  • Newquay backpackers

  • Canada Hostels

  • WOKSEN

  • Clouds

  • A&O Hotels and Inns

  • OPERA Property Management System (PMS)

  • Hotelogix PMS

  • Maestro PMS

  • MSI CloudPM

  • Reception anywhere

  • Rezlynx PMS

  • RoomMaster

  • Safestay plc

  • EZee reception

For more information on this report, visit https://www.researchandmarkets.com/r/ntwanc


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