Hostels

The global hostel market is expected to grow at a rate of 17%

Global Youth Hostels Market Report 2022: Market Size, Trends and Forecast to 2026

Business Research Company Global Hostel Market Report 2022: Market Size, Trends and Forecast to 2026

LONDON, GREATER LONDON, United Kingdom, Aug. 29, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Global Hostels Market Report 2022″, the hostel market is expected to 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 of the hostel market is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to lockdown measures restrictions involving social distancing, remote working and closure of business activities which have led to operational challenges. According to TBRC’s hostel industry outlook, the market is expected to reach $840.27 billion in 2026 with a CAGR of 16.8%. The increase in solo travel is a key factor driving the growth of the hostel market.

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Key Hostel Market Trends
The introduction of hybrid hostels is a key trend in the hostel market. To cater to young urban business travelers, hybrid hostels combine the affordability and sociability of dorm rooms with the upscale facilities of traditional hotels.

Overview of the hostel market
The 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.

To learn more about the Global Hostels Market report, visit:
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TBRC Global Hostel Market Report 2022 covers the following information:
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.

Market segmentation
• By type: students, workers, other
• By price level: economy, mid-range, luxury
• By booking method: online bookings, direct bookings, other
• By Geography: The global hostel market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Major market players such as 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.
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 overview of the Hostels Market. The market report analyzes the Global Hostels Market size, Global Hostels Market growth drivers, Global Hostels Market segments, Global Hostels Market major players, Global Hostels Market growth in all geographies, global hostels market trends and revenue and market positioning of competitors in the global hostels market. The Youth Hostels market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.

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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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Olivier Guirdham
The Business Research Company
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