Global hostel market (2021 to 2025)


Dublin, June 10, 2021 (GLOBE NEWSWIRE) – The “Global Youth Hostel Market: Size and Forecast with Impact Analysis of COVID-19 (2021-2025 Edition)” report was added to ResearchAndMarkets.com offer.

This report provides in-depth analysis of the global hostel market by value, volume, by booking channel, by region, etc. The report also provides detailed regional analysis of the hostels market including the following regions: Western Europe, Asia, North America, Latin America, Australia and New Zealand (ANZ) and ROW.

The report also assesses the key opportunities in the market and describes the factors that are and will be driving the growth of the industry. The growth of the global youth hostel market has also been forecast for the period 2021-2025, taking into account previous growth patterns, growth drivers, and current and future trends.

The global youth hostel market is highly fragmented with many market players operating across the globe. Some players in the hostel market operate at the local level while other players operate at the regional and global levels. Many local and regional hostel operators provide high quality accommodation for guests of all ages. In addition, the major players in the youth hostel market are Hostelworld Group, Safestay plc, A&O Hotels and Hostels, Hostelling International (HI) are also presented with their respective financial information and business strategies.

Regional coverage

  • Western Europe
  • Asia
  • North America
  • Latin America
  • Australia and New Zealand

The hostel market can be segmented on the basis of the booking channel (online travel agencies (OTAs), offline intermediaries, direct offline websites and hostels); and guests (youth groups / school groups, single tourists, families, couples and companies).

The global youth hostel market has grown at a significant CAGR during the years 2016-2019 and projections are made that the market will increase hugely in the next four years i.e. 2021-2025. 2020 has been a headwind for market growth due to lockdowns induced by COVID-19.

The hostel market is expected to grow due to increased spending by millennials, growing interest in travel, growing middle class population, growing role of travel agencies in line (OTA), the growing popularity of solo travel, increased investment in the hostel industry, etc. the market is facing some challenges such as overcrowding in hostels, misconceptions about hostels, increase of budget and mid-range hotels etc.

Main topics covered:

1. Summary

2. Presentation
2.1 Hostel: an overview
2.1.1 Benefits of staying in a hostel
2.1.2 Types of hostels
2.1.3 Types of hostel travelers
2.1.4 Difference between a hostel and a hotel
2.2 Hostels segmentation: an overview
2.2.1 Hostels segmentation by booking channel
2.2.2 Segmentation of hostels by customers

3. Global market analysis
3.1 Global Youth Hostel Market: An Analysis
3.1.1 Global Hostel Market by Value
3.1.2 Global Hostels Market in Volume
3.1.3 Global Youth Hostel Market by Booking Channel (Online Travel Agencies (OTAs), Hostel Websites, Direct Offline and Offline Intermediaries)
3.1.4 Global Youth Hostel Market by Region (Western Europe, Asia, North America, Latin America, Australia and New Zealand (ANZ) and ROW)
3.2 Global Youth Hostel Market: Booking Channel Analysis
3.2.1 Global Online Travel Agency (OTA) Youth Hostel Market by Value
3.2.2 Global Hostel Website Market by Value
3.2.3 Global Direct Offline Youth Hostel Market by Value
3.2.4 Global Offline Intermediary Youth Hostel Market by Value

4. Regional market analysis
4.1 Western European Youth Hostel Market: An Analysis
4.1.1 Western Europe Youth Hostel Market by Value
4.2 Asian Youth Hostel Market: An Analysis
4.2.1 Asia Youth Hostel Market by Value
4.3 North America Youth Hostel Market: An Analysis
4.3.1 North America Youth Hostel Market by Value
4.4 Latin America Youth Hostel Market: An Analysis
4.4.1 Latin America Youth Hostel Market by Value
4.5 Australia and New Zealand (ANZ) Youth Hostel Market: An Analysis
4.5.1 Australia and New Zealand (ANZ) Hostels Market by Value
4.6 ROW hostel market: an analysis
4.6.1 ROW Hostels Market by Value

5. Impact of COVID-19
5.1 Impact on the global youth hostel market
5.1.1 Change in consumer behavior and expectations
5.1.2 Impact on the European hostel market

6. Market dynamics
6.1 Growth engine
6.1.1 Growth in Generation Y Spending
6.1.2 Growing interest in travel
6.1.3 Rising middle class population
6.1.4 Growing role of online travel agencies (OTAs)
6.1.5 Growing popularity of solo travel
6.1.6 Increase investment in the hostel sector
6.2 challenges
6.2.1 Overcrowding in hostels
6.2.2 Misconceptions about hostels
6.2.3 Rise in budget and mid-range hotels
6.3 Market trends
6.3.1 Growing interest in sustainable travel
6.3.2 Growing number of mobile reservations
6.3.3 Shift in consumer preferences towards shared experiences
6.3.4 Growing demand for luxury hostels
6.3.5 Growing Importance of Social Interaction for Travelers
6.3.6 Introduction of hybrid hostels

7. Competitive landscape
7.1 Global Hostel Market by Total Properties
7.2 Global Youth Hostel Market Players: Key Parameters
7.3 Global Youth Hostel Market Players by Instagram Followers

8. Company profiles
8.1 Hostelworld Group
8.1.1 Company overview
8.1.2 Financial overview
8.1.3 Business Strategy
8.2 Safestay plc
8.2.1 Company overview
8.2.2 Financial overview
8.2.3 Business strategy
8.3 A&O Hotels and Inns
8.3.1 Company overview
8.3.2 Business Strategy
8.4 Hostelling International (HI)
8.4.1 Company overview
8.4.2 Business strategy

For more information on this report, visit https://www.researchandmarkets.com/r/7vndmz



About John McTaggart

Check Also

RCCG celebrates its 70th anniversary with Perfect Jubilee Convention

The Redeemed Christian Church of God (RCCG) has announced its Perfect Jubilee Convention as part …

Leave a Reply

Your email address will not be published.