Business Research Company Hostel Market 2022 – Opportunities and Strategies – Global Forecast to 2031
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The Business Research Company’s “Hostels Market Report 2022″ forecasts the hostel market to grow from $5.74 billion in 2021 to $7,278.7 million in 2026 at a rate of 4.9%. The market is then expected to grow at a CAGR of 5.5% from 2026 and reach $9.50 billion in 2031.
The millennial population is expected to drive the hostel market.
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Youth hostel market trends
Hybrid hostels are growing in popularity with young professional travelers. They offer a combination of the affordability and sociability of dormitory accommodation, with the upscale facilities of traditional hotels.
Overview of the hostel market
The global hostel market consists of the sale of hostels and related services. A hostel can be described as a kind of budget shared accommodation that has a common area. Hostels usually have dorm-style rooms for travelers, but private rooms and hotel-style facilities are also available these days. Hostels prefer to focus on creating a sociable atmosphere and are much less expensive than a hotel.
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TBRC Global Hostel Market Report 2022 covers the following information:
• By type: students, workers, other types
• By price level: economy, mid-range, luxury
• By reservation – Online reservations, direct reservations, other methods of reservation
• By geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
Major market players such as A&O Hotels and Hostels, Che Lagarto, St Christopher’s Inns, Vietnam Backpacker Hostels, Loki Hostels
Trends, opportunities, strategies and much more.
The Global Hostels Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an in-depth study of the Hostels Market. The market report provides analysis of Global Hostels Market, Global Hostels Market forecast market size, Global Hostels Market segments, Global Hostels Market growth drivers, Global Hostels Market share, the growth of the global hostels market across all geographies, as well as the revenue and market positioning of competitors in the hostels market. The report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
See similar reports from The Business Research Company:
Global Hotels and Other Travel Accommodation Market Report 2022
Student and Worker Non-Residential Accommodation Global Market Report 2022
Global Hospitality Market Report 2022
About the Business Research Company
The Business Research Company has published over 3,000 industry reports covering over 3,000 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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