Global Youth Hostel Market: Size, Trends and Forecasts

Dublin, 18 Feb. 2020 (GLOBE NEWSWIRE) — The report “Global Hostels Market: Size, Trends and Forecasts (2020-2024)” has been added to from offer.

This report provides an 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.

Further, the report assesses key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. The growth of the global global hostel market has also been forecasted over the period 2020-2024, considering previous growth patterns, growth drivers, and current and future trends.

The global hostel market is growing at a significant CAGR during the years 2015-2019 and projections are made that the market will grow hugely over the next four years, i.e., 2020-2024. Hostel market is expected to grow due to increased spending by millennials, growing interest in travel, growing middle class population, increasing role of agencies online travel (OTA), growing popularity of solo travel, increased investment in the hostel industry, and more. Still, the market is facing some challenges such as overcrowding in hostels, misconceptions about hostels, rise of budget and mid-range hotels, etc.

The global hostel market is highly fragmented with numerous market players operating across the globe. Some players in the hostel market operate locally while other players operate regionally and globally. Many local and regional hostel operators offer high quality accommodation for guests of all ages.

Company coverage:

  • Hostelworld Group
  • Safestay plc
  • A&O Hotels and Inns
  • Hostelling International (HI)

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 hostel and hotel
2.2 Hostel segmentation: an overview
2.2.1 Segmentation of hostels by booking channel
2.2.2 Hostels Segmentation by Customers

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

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

5. Market dynamics
5.1 Engine of growth
5.1.1 Millennial Spending Rising
5.1.2 Growing interest in travel
5.1.3 Growing Middle Class Population
5.1.4 Growing Role of Online Travel Agencies (OTAs)
5.1.5 Growing Popularity of Solo Travel
5.1.6 Increasing Investment in Hospitality Industry
5.2 Challenges
5.2.1 Overcrowding in hostels
5.2.2 Misconceptions about hostels
5.2.3 Rise of budget and midscale hotels
5.3 Market trends
5.3.1 Growing number of mobile bookings
5.3.2 Evolution of consumer preferences towards shared experiences
5.3.3 Growing Demand for Luxury Inns
5.3.4 Growing importance of social interaction for travelers
5.3.5 Introduction of hybrid hostels

6. Competitive Landscape
6.1 Global Youth Hostels Market Players: Key Parameters
6.2 Global Hostels Market Players by Instagram Followers
6.3 Europe Hostels and Hostels Market Players by Ranking and Occupancy Rate Comparison

7. Company Profiles

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Linda G. Ibarra