The new report by SPER Market Research titled, ‘Global hostels market, Report and Forecast 2022-2030′, gives an in-depth analysis of the global hostels market, assessing the market based on its segments like materials, end-user industries, and major regions.
The report tracks the latest trends in the business and studies their effect on the general market. It also evaluates the market elements, covering the vital interest and cost pointers, alongside breaking down the market in view of the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 11.2%
The hostels market is made up of the hostel market and other related services. A hostel is a low-cost kind of community accommodation with a common area. Travelers frequently stay in dorm-style rooms at hostels; however, individual rooms and hotel-style facilities are now available. Hostels strive to provide a social environment in addition to being significantly less expensive than hotels.
Online channels are mostly driving the growth of the hostels market. More than 70% of reservations are made through online travel agencies, which are accelerating the growth of hostel markets. Hostels now provide private rooms, lively bars with beverages, yoga classes, and exquisite interior designs, discarding the outmoded notion of simply providing bunk beds.
By Type, The market can be categorized into:
By Price Point, The market can be divided into:
- Mid Range
By Mode of Bookings, The market is Segmented into:
- Online Bookings
- Direct Bookings
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The regional segments of the market:
- North America
- Asia Pacific
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
Key Market Players:
The Global Hostels Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; A&O Hostels, Astor Hostels, Bohemian Hostels, Be Hostels, Che Lagarto, Clink Hostels, Destination Hostels, Equity Point Hostels, Funky Hostels, Gatliff’s Hostels, Generator, One Hostels, HUB Hostels, Hoppo Hostels, K’s Hostels, Loki Hostels, Nest Hostels , Mad Monkey, Meininger, St. Christopher’s Inns.
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