Hostels Market 2022 Latest Insights, Growth Rate, Future Trends and Forecast | Key Players : Hostelworld, Hostelling International, Green Tortoise Hostel, London Backpackers

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‘Hostels Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026’ by The Business Research Company is the most comprehensive report available on this market, with analysis of the market’s historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The Hostels market research report helps gain a truly global perspective of the hostels industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.

The regions covered in the hostels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest Hostels market share.

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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 travellers, 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.

Key competitors in the hostels market include 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 and eZee Frontdesk.

The global hostels market size is expected grow from $364.32 billion in 2021 to $451.99 billion in 2022 at a compound annual growth rate (CAGR) of 24.1%. The growth in the hostels market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hostels market is expected to reach $840.27 billion in 2026 at a CAGR of 16.8%.

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TBRC’s report segments the global hostels market:
1) By Type: Students, Workers, Others
2) By Price Point: Economy, Mid-Range, Luxury
3) By Mode of Booking: Online Bookings, Direct Bookings, Others

Read further on the Hostels market here:
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The Table of Contents includes:
1. Executive Summary
2. Hostels Market Characteristics
3. Hostels Market Trends And Strategies
4. Impact Of COVID-19 On Hostels Market
5. Hostels Market Size And Growth
.....
27. Hostels Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hostels Market
29. Hostels Market Future Outlook And Potential Analysis
30. Appendix

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