Press release
Global Hostels Market Research Report By Application, By Type, By Region, Shares, Trends And Forecast 2022-2031
Hostels Market
According to The Business Research Company's hostels market report, The global hostels market size reached a value of nearly $5,741.3 million in 2021, having grown at a compound annual growth rate (CAGR) of 1.5% since 2016. The market is expected to grow from $5,741.3 million in 2021 to $7,278.7 million in 2026 at a rate of 4.9%. The market is then expected to grow at a CAGR of 5.5% from 2026 and reach $9,502.8 million in 2031.
The millennial population is expected to drive the hostels market. Millennials, known as generation Y, are young adults born between 1980 and 2004. By 2020, millennials took 320 million international trips, a 47% increase from 217 million in 2013.
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The hostels market is segmented -
• By Type: Students, Workers, Other Types
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the hostels market.
Major competitors in the hostels market include A&O Hotels and Hostels, Che Lagarto, St Christopher's Inns, Vietnam Backpacker Hostels, Loki Hostels
See The Full Hostels Market Report Here:
https://www.thebusinessresearchcompany.com/report/hostels-market
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 travelers, 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.
The Table Of Content For The Hostels Market Include:
1. Hostels Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…….
21. Hostels Market Opportunities And Strategies
22. Hostels Market, Conclusions And Recommendations
23. Appendix
The Business Research Company's "Global Hostels Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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