Hostels Market Growth, Size, Trends, Revenue, Demand, Share, Challenges and Future Competition

Hostels Market- By Type, By Price Point, By Mode of Booking- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Hostels Market- By Type, By Price Point, By Mode of Booking- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Published: Aug 2022 Report ID: COAM2205 Pages: 1 - 232 Formats*:     
Category : Construction & Manufacturing
Hostels Market Introduction and Overview 

According to SPER Market Research, the Global Hostels Market is estimated to reach USD 12.95 billion by 2032 with a CAGR of 11.2%.

The report includes an in-depth analysis of the Global Hostels Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "hostel" conjures up images of one-bedroom apartments, which are compact and affordable lodging options for travellers on a budget. Private rooms and other hotel-like amenities are now common at hostels. It is true that travellers can find lodging elsewhere for less money, but this travel sector is also undergoing significant changes to carve out its own position in the hotel business and today caters to the demands of travellers all over the world, dispelling the stereotype of the dorm hostel.

  • 2022: Hostelworld.com Limited just introduced Solo, a social function that enables opt-in travellers to interact and meet in person, in 2022. Once the booking is done, the application function enables you to speak with visitors who are also visiting the same spot. The software additionally divides visitors into categories based on their likes and interests.
  • The popular Ecomama and Cocomama boutique concept hostels located in the centre of Amsterdam were recently acquired by the European hostel group Clink Hostels. Given his creative approach to hostels and the similarities to Clink's Vision—wanting to make a difference by kindling the imaginations of folks who love to travel and partake in new experiences—Clink is really pleased about this chance.
Hostels market
Market Opportunities and Challenges

  • Opportunities:  Opportunities for lodging providers in the tourism sector have expanded due to rising trends in exotic travel, trekking, hiking, and other outdoor activities. In addition, people go to diverse locations for conditional reasons as the education and service industries continue to flourish. The most crucial item that individuals look for as they move from one location to another is an affordable lodging option. Therefore, it can be inferred that the expansion of the hostel market is a direct effect of individuals temporarily moving away for work or enjoyment. 
  • Challenges: Hostels have evolved beyond bunk beds, now offering private rooms, vibrant bars, yoga classes, and upscale interiors. But widespread misconceptions hinder the youth hostel market's growth, with many assuming they're solely for the young, unclean, or unsafe. Negative past experiences also contribute to these misconceptions. These factors, along with limited awareness, pose significant obstacles to the hostel industry's expansion.
Hostels market


Market Competitive Landscape
The market's top players are active on a global scale and are concentrating on growing their companies. In order to draw in more clients, they are also improving their infrastructure and service. A&O Hostels, Astor Hostels, Bohemian Hostels, Be Hostels, Che Lagarto, Clink Hostels, Destination Hostels, Equity Point Hostels, Funky Hostels, Gatliff's Hostels, Generator, Hostels One, Hostels HUB, Hoppo Hostels, K's Hostels, Loki Hostels, Nest Hostels, Mad Monkey, Meininger, St. Christopher's Inns are a few of the leading market participants. 

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Type, By Price Point, By Mode of Booking
 Regions coveredNorth America, Europe, Asia Pacific, South America, Middle East and Africa
 Companies CoveredA&O Hostels, Astor Hostels, Bohemian Hostels, Be Hostels, Che Lagarto, Clink Hostels, Destination Hostels, Equity Point Hostels, Funky Hostels, Gatliff's Hostels, Generator, Hostels One, Hostels HUB, Hoppo Hostels, K's Hostels, Loki Hostels, Nest Hostels, Mad Monkey, Meininger, St. Christopher's Inns., Others
COVID-19 Impact on Global Hostels Market
The global pandemic-coronavirus (COVID-19) has infected a number of people worldwide, raising worry on a global scale. The COVID-19 has a significant impact on the tourism and hospitality industries. Job losses in the travel and tourist sector are anticipated as a result of the pandemic. They have been impacted socially, politically, and economically by the pandemic. There is pressure to shut down the tourism industry/business as the number of infected cases rises across the nation and with the implementation of specific measures and campaigns like social distance, community closures, working from home, staying at home, automatic or mandatory quarantine, reduction of overcrowding, etc. Recession and depression were brought on by this modification to the existing system, which sparked calls for a fundamental shift in society. 

Key Target Audience
  • Student
  • Travelers
  • Working Professionals
  • Others
Our in-depth analysis of the Hostels Market includes the following segments:
By Type:
  • Students
  • Workers
  • Others
  • By Price Point:
  • Economy
  • Mid-Range
  • Luxury
  • By Mode of Booking:
  • Online Bookings
  • Direct Bookings
  • Others
  • Key Topics Covered in the Report
    • Global Hostels Market Size (FY’2022-FY’2032)
    • Overview of Global Hostels Market
    • Segmentation of Global Hostels Market By Type (Students and Workers)
    • Segmentation of Global Hostels Market By Price Point (Economy, Mid-range and Luxury)
    • Segmentation of Global Hostels Market By Mode of Booking (Online Bookings and Direct Bookings)
    • Statistical Snap of Global Hostels Market
    • Expansion Analysis of Global Hostels Market
    • Problems and Obstacles in Global Hostels Market
    • Competitive Landscape in the Global Hostels Market
    • Impact of COVID-19 and Demonetization on Global Hostels Market
    • Details on Current Investment in Global Hostels Market
    • Competitive Analysis of Global Hostels Market
    • Prominent Players in the Global Hostels Market
    • SWOT Analysis of Global Hostels Market
    • Global Hostels Market Future Outlook and Projections (FY’2022-FY’2032)
    • Recommendations from Analyst
    1. Introduction
    1.1 Scope of the report
    1.2 Market segment analysis

    2. Research Methodology
    Research data source
    2.1.1 Secondary data 
    2.1.2 Primary data
    2.1.3 SPER’s internal database
    2.1.4 Premium insight from KOL’s
    2.2 Market size estimation
    2.2.1 Top-down and Bottom-up approach
    2.2.2 Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1 Driver, Restraint, Opportunity, and Challenges analysis
    4.1.1 Drivers
    4.1.2 Restraints
    4.1.3 Opportunities
    4.1.4 Challenges
    4.2 COVID-19 Impacts on Global Hostels Market

    5. Market variables and outlook
    5.1 SWOT analysis
    5.1.1 Strengths
    5.1.2 Weaknesses
    5.1.3 Opportunities
    5.1.4 Threats
    5.2 PESTEL analysis
    5.2.1 Political landscape
    5.2.2 Economic landscape
    5.2.3 Social landscape
    5.2.4 Technological landscape
    5.2.5 Environmental landscape
    5.2.6 Legal landscape
    5.3 PORTER’S five forces analysis
    5.3.1 Bargaining power of suppliers
    5.3.2 Bargaining power of Buyers
    5.3.3 Threat of Substitute
    5.3.4 Threat of new entrant
    5.3.5 Competitive rivalry
    5.4 Heat map analysis

    6. Global Hostels Market, By Type, 2019-2032 (USD Million)
    6.1 Students 
    6.2 Workers
    6.3 Others

    7. Global Hostels Market, By Price Point, 2019-2032 (USD Million)
    7.1 Economy
    7.2 Mid-Range
    7.3 Luxury

    8. Global Hostels Market, By Mode of Booking, 2019-2032 (USD Million)
    8.1 Online Bookings
    8.2 Direct Bookings
    8.3 Others

    9. Global Hostels Market, By Region, 2019-2032 (USD Million)
    9.1 North America
    9.1.1 United States
    9.1.2 Canada
    9.1.3 Mexico
    9.2 Europe
    9.2.1 Germany
    9.2.2 United Kingdom
    9.2.3 France
    9.2.4 Italy
    9.2.5 Spain
    9.2.6 Rest of Europe
    9.3 Asia-Pacific
    9.3.1 China
    9.3.2 Japan
    9.3.3 India
    9.3.4 Australia
    9.3.5 South Korea
    9.3.6 Rest of Asia-Pacific
    9.4 South America
    9.4.1 Brazil
    9.4.2 Argentina
    9.4.3 Rest of South America
    9.5 Middle East & Africa
    9.5.1 Kingdom of Saudi Arabia
    9.5.2 United Arab Emirates
    9.5.3 Rest of Middle East & Africa

    10. Company Profiles
    10.1 A & O Hostels
    10.1.1 Company details
    10.1.2 Financial outlook
    10.1.3 Product summary 
    10.1.4 Recent developments
    10.2 Astor Hostels
    10.2.1 Company details
    10.2.2 Financial outlook
    10.2.3 Product summary 
    10.2.4 Recent developments
    10.3 Bohemian Hostels
    10.3.1 Company details 
    10.3.2 Financial outlook
    10.3.3 Product summary 
    10.3.4 Recent developments
    10.4 Be Hostels
    10.4.1 Company details 
    10.4.2 Financial outlook
    10.4.3 Product summary 
    10.4.4 Recent developments
    10.5 Che Lagarto
    10.5.1 Company details 
    10.5.2 Financial outlook
    10.5.3 Product summary 
    10.5.4 Recent developments
    10.6 Clink Hostels
    10.6.1 Company details 
    10.6.2 Financial outlook
    10.6.3 Product summary 
    10.6.4 Recent developments
    10.7 Destination Hostels
    10.7.1 Company details 
    10.7.2 Financial outlook
    10.7.3 Product summary 
    10.7.4 Recent developments
    10.8 Equity Point Group
    10.8.1 Company details 
    10.8.2 Financial outlook
    10.8.3 Product summary 
    10.8.4 Recent developments
    10.9 Funky Hostels
    10.9.1 Company details 
    10.9.2 Financial outlook
    10.9.3 Product summary 
    10.9.4 Recent developments
    10.10 Gatliff Hebridean Hostels
    10.10.1 Company details 
    10.10.2 Financial outlook
    10.10.3 Product summary 
    10.10.4 Recent developments
    10.11 Generator
    10.11.1 Company details 
    10.11.2 Financial outlook
    10.11.3 Product summary 
    10.11.4 Recent developments
    10.12 Hostels One
    10.12.1 Company details 
    10.12.2 Financial outlook
    10.12.3 Product summary 
    10.12.4 Recent developments
    10.13 Hostels HUB
    10.13.1 Company details 
    10.13.2 Financial outlook
    10.13.3 Product summary 
    10.13.4 Recent developments
    10.14 Hoppo Hostels 
    10.14.1 Company details 
    10.14.2 Financial outlook
    10.14.3 Product summary
    10.14.4 Recent developments
    10.15 K’s House
    10.15.1 Company details 
    10.15.2 Financial outlook
    10.15.3 Product summary
    10.15.4 Recent developments
    10.16 Loki Hostels
    10.16.1 Company details 
    10.16.2 Financial outlook
    10.16.3 Product summary
    10.16.4 Recent developments
    10.17 Nest Hotels
    10.17.1 Company details 
    10.17.2 Financial outlook
    10.17.3 Product summary
    10.17.4 Recent developments
    10.18 Mad Monkey
    10.18.1 Company details 
    10.18.2 Financial outlook
    10.18.3 Product summary 
    10.18.4 Recent developments
    10.19 Meininger
    10.19.1 Company details 
    10.19.2 Financial outlook
    10.19.3 Product summary
    10.19.4 Recent developments
    10.20 St. Christopher’s Inns
    10.20.1 Company details 
    10.20.2 Financial outlook
    10.20.3 Product summary
    10.20.4 Recent developments

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Hostels Market CAGR of 11.2% during the forecast period.
    Hostels Market size is USD 12.95 billion from 2022 to 2032.
    Hostels Market is projected to reach USD 12.95 billion by 2032, growing at a CAGR of 11.2% during the forecast period.
    Hostels Market grew in market size from 2022. The Market is expected to reach USD 12.95 billion by 2032, at a CAGR of 11.2% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Hostels Market Segment is covered By Type, By Price Point, By Mode of Booking.
    The North America is anticipated to have the highest market share in the Hostels Market .
    The key players in the market include Companies Covered A&O Hostels, Astor Hostels, Bohemian Hostels, Be Hostels, Che Lagarto, Clink Hostels, Destination Hostels, Equity Point Hostels, Funky Hostels, Gatliff's Hostels, Generator, Hostels One, Hostels HUB, Hoppo Hostels, K's Hostels, Loki Hostels, Nest Hostels, Mad Monkey, Meininger, St. Christopher's Inns., Other.
    The term "hostel" conjures up images of one-bedroom apartments, which are compact and affordable lodging options for travellers on a budget. Private rooms and other hotel-like amenities are now common at hostels.
    Not able to find what you are looking for? Need customization in the existing report?
    Click Here
    PLACE AN ORDER
    • 15% off
       
      $ 4250
    • 20% off
               
      $ 5650
    • 25% off
           
      $ 7450
    Pre-Purchase Inquiry
    SEND AN INQUIRY
    NEED CUSTOMIZATION?
    Request Customization
    CALL OR EMAIL US
    US:
    India:
    Email:
    100% Secure Payment

    SPER American Express
    SPER VISA
    SPER Master Card
    SPER Mestro
    SPER Paypal
    SPER CCAvenues

    Join Our SPER Panel

    Our Global Clients

    Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-McKinsey
    SPER-Bain
    SPER-Max-Healthcare
    SPER-DHL
    SPER-SIEMENS
    SPER-IQVIA
    SPER-Pfizer
    SPER-LOREAL
    SPER-Kankar IMRB
    SPER-ITA
    SPER-PWC
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-IPSOS
    SPER-Heineken

    SPER

    Market Research

    We are the leading, full-service global market research and consulting company.

    Certificates
    iso-1 iso-1 iso-1 ESOMAR
    Secure Payments
    SPER Payment Options
    Contact HR

     [email protected]

     +91-742-898-5650