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Hostels Global Market Report 2020-30: Covid 19 Growth and Change

Region:Global

Author(s):

Product Code:7439

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Published on

May 2020

Total pages

300

Table of Content

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About the Report

About the Report

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 USD 6.08 billion in 2019 and to USD 6.13 billion in 2020 at a growth rate of 1%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach USD 7.5 billion in 2023 at CAGR of 6.8%.
 
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 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.
 
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. 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. Personal rooms with personal facilities, tables for beds, a small desk, a wardrobe and a flat-screen TV, the vibrant Aristotelous Square is only 601 meters away, from where guests can enjoy fantastic sunset and views of the Thermaikos Gulf.
 
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 greater spending by millennials (aged 18-35) 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 U.S., 85% of millennial hostel travelers have taken a foreign trip in the past 12 months-compared to just 33% of all U.S. 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.
 
 

Products

Products

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

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

Table of Contents

Table of Contents

1. Executive Summary

2. Hostels Market Characteristics

3. Hostels Market Size And Growth

3.1. Global Hostels Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Hostels Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Hostels Market Segmentation

4.1. Global Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Students

Workers

Others

4.2. Global Hostels Market, Segmentation By Price Point, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Economy

Mid-Range

Luxury

4.3. Global Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Online Bookings

Direct Bookings

Others

5. Hostels Market Regional And Country Analysis

5.1. Global Hostels Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Hostels Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Hostels Market

6.1. Asia-Pacific Hostels Market Overview

6.2. Asia-Pacific Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Hostels Market

7.1. China Hostels Market Overview

7.2. China Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Hostels Market

8.1. India Hostels Market Overview

8.2. India Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Hostels Market

9.1. Japan Hostels Market Overview

9.2. Japan Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Hostels Market

10.1. Australia Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Hostels Market

11.1. Indonesia Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Hostels Market

12.1. South Korea Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Hostels Market

13.1. Western Europe Hostels Market Overview

13.2. Western Europe Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Hostels Market

14.1. UK Hostels Market Overview

14.2. UK Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Hostels Market

15.1. Germany Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Hostels Market

16.3. France Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Hostels Market

17.1. Eastern Europe Hostels Market Overview

17.2. Eastern Europe Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Hostels Market

18.1. Russia Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Hostels Market

19.1. North America Hostels Market Overview

19.2. North America Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Hostels Market

20.1. USA Hostels Market Overview

20.2. USA Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Hostels Market

21.1. South America Hostels Market Overview

21.2. South America Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Hostels Market

22.1. Brazil Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Hostels Market

23.1. Middle East Hostels Market Overview

23.2. Middle East Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Hostels Market

24.1. Africa Hostels Market Overview

24.2. Africa Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Hostels Market Competitive Landscape And Company Profiles

25.1. Hostels Market Competitive Landscape

25.2. Hostels Market Company Profiles

25.2.1. Hostelworld

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Hostelling International

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Green Tortoise Hostel

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. London Backpackers

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Newquay Backpackers

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Hostels Market

27. Hostels Market Trends And Strategies

28. Hostels Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Hostels Market, Segmentation By Price Point, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Hostels Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Global Hostels Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: Asia-Pacific, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: China, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: India, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Japan, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Australia, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Indonesia, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: South Korea, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: Western Europe, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: UK, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: Germany, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: France, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Eastern Europe, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: Russia, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: North America, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: USA, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: South America, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Brazil, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Middle East, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Africa, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 27: Hostelworld Financial Performance

Figure 28: Hostelling International Financial Performance

Figure 29: Green Tortoise Hostel Financial Performance

Figure 30: London Backpackers Financial Performance

Figure 31: Newquay Backpackers Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Hostels Market, Segmentation By Price Point, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Hostels Market, Segmentation By Mode of Booking, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Hostels Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Global Hostels Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: Asia-Pacific, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: China, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: India, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Japan, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Australia, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Indonesia, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: South Korea, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: Western Europe, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: UK, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: Germany, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: France, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Eastern Europe, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: Russia, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: North America, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: USA, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: South America, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Brazil, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Middle East, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Africa, Hostels Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 27: Hostelworld Financial Performance

Table 28: Hostelling International Financial Performance

Table 29: Green Tortoise Hostel Financial Performance

Table 30: London Backpackers Financial Performance

Table 31: Newquay Backpackers Financial Performance

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