+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Hostels Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5321373
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • A&O Hotels and Hostels
  • Cloudbeds
  • Frontdesk Anywhere
  • Hostelling International
  • Hotelogix PMS
  • Maestro PMS
  • MORE
Hostels Global Market Report 2021: COVID-19 Growth and Change to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global hostels market.

This report focuses on the hostels market which is experiencing strong growth. The report gives a guide to the hostels market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:

Where is the largest and fastest growing market for the hostels? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hostels market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider hostels market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
  • The hostels market section of the report gives context. It compares the hostels market with other segments of the hostels market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, hostels indicators comparison.
Scope

Markets Covered: 1) By Type: Students; Workers; Others 2) By Price Point: Economy; Mid-Range; Luxury 3) By Mode of Booking: Online Bookings; Direct Bookings; Others

Companies Mentioned: Hostelworld; Hostelling International; Green Tortoise Hostel; London Backpackers; Newquay Backpackers

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A&O Hotels and Hostels
  • Cloudbeds
  • Frontdesk Anywhere
  • Hostelling International
  • Hotelogix PMS
  • Maestro PMS
  • MORE
1. Executive Summary

2. Hostels Market Characteristics

3. Hostels Market Trends and Strategies

4. Impact of COVID-19 on Hostels

5. Hostels Market Size and Growth
5.1. Global Hostels Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Hostels Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Hostels Market Segmentation
6.1. Global Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Students
  • Workers
  • Others
6.2. Global Hostels Market, Segmentation By Price Point, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Economy
  • Mid-Range
  • Luxury
6.3. Global Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Online Bookings
  • Direct Bookings
  • Others
7. Hostels Market Regional and Country Analysis
7.1. Global Hostels Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Hostels Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Hostels Market
8.1. Asia-Pacific Hostels Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Hostels Market
9.1. China Hostels Market Overview
9.2. China Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Hostels Market
10.1. India Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Hostels Market
11.1. Japan Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Hostels Market
12.1. Australia Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Hostels Market
13.1. Indonesia Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Hostels Market
14.1. South Korea Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Hostels Market
15.1. Western Europe Hostels Market Overview
15.2. Western Europe Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Hostels Market
16.1. UK Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Hostels Market
17.1. Germany Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Hostels Market
18.3. France Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Hostels Market
19.1. Eastern Europe Hostels Market Overview
19.2. Eastern Europe Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Hostels Market
20.1. Russia Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Hostels Market
21.1. North America Hostels Market Overview
21.2. North America Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Hostels Market
22.1. USA Hostels Market Overview
22.2. USA Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Hostels Market
23.1. South America Hostels Market Overview
23.2. South America Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Hostels Market
24.1. Brazil Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Hostels Market
25.1. Middle East Hostels Market Overview
25.2. Middle East Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Hostels Market
26.1. Africa Hostels Market Overview
26.2. Africa Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Hostels Market Competitive Landscape and Company Profiles
27.1. Hostels Market Competitive Landscape
27.2. Hostels Market Company Profiles
27.2.1. Hostelworld
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Hostelling International
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Green Tortoise Hostel
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. London Backpackers
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Newquay Backpackers
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the Hostels Market

29. Hostels Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A&O Hotels and Hostels
  • Cloudbeds
  • Frontdesk Anywhere
  • Hostelling International
  • Hotelogix PMS
  • Maestro PMS
  • MORE
Major players in the hostels 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).

The global hostels market is expected to grow from $4.37 billion in 2020 to $5.2 billion in 2021 at a compound annual growth rate (CAGR) of 19%. The growth 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 market is expected to reach $5.99 billion in 2025 at a CAGR of 4%.

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 travelers, 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.

Misconceptions held by the population is the major factor restraining the hostels market. There are many misconceptions held about hostels globally, that often lead to people create a negative opinion on them. Generally, people assume hostels are only for young people, some feel that the hostels are unhygienic, and they're not safe. In addition, people who had bad experience in hostels have generalized the notion for all the hostels and refrain from using them. Such misconceptions limit the growth of the hostels market.

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. For instance, Stay Hybrid Hostel is centrally located in Thessaloniki, near the Ladadika and Valaoritou areas. Every room at Stay Hybrid Hostel is air-conditioned, with exclusive music references. They offer personal rooms with personal facilities, tables for beds, a small desk, a wardrobe and a flat-screen TV.

The increased spending by millennials (aged 18-35) to travel is a key factor driving the growth of the hostels market. Due to low cost, good value, experience-based accommodation, convenient places, and opportunities to meet other travelers’ millennials are opting hostels. More than 70% of hostel travelers are millennials, of whom 15% have spent the last 12 months in a hostel. In the USA, 85% of millennial hostel travelers have taken a foreign trip in the past 12 months-compared to just 33% of all the USA leisure travelers. The hostel industry has seen strong growth driven by millennial travelers (aged 18-35) looking to spend more money on longer trips and see the world as much as possible.
Note: Product cover images may vary from those shown
  • 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
  • eZee Frontdesk
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll