Global Hostels Market 2022 - Size, Share, Segments, Data, Analysis, And Forecast

The global hostels market report by the business research company identifies the rise of solo travel is a key factor driving the growth of the hostel market. Due to low cost, good value, experience-based accommodation, convenient places, and opportunities to meet other travelers, solo travellers are opting for hostels.

The global hostels market grew from $5.74 billion in 2021 to $6.04 billion in 2022 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The hostels market is expected to grow to $7.28 billion in 2026 at a CAGR of 4.8%.

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The regions covered in the hostels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players 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 is segmented -
1) By Type: Students, Workers, Others
2) By Price Point: Economy, Mid-Range, Luxury
3) By Mode of Booking: Online Bookings, Direct Bookings, Others

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The Hostels Market Report Contents Include
1. Executive Summary
2. Hostels Market Characteristics
3. Hostels Market Trends And Strategies
4. Hostels Market - Macro Economic Scenario
5. Hostels Market Size And Growth
....
26. Africa Hostels Market
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

This report covers the trends and market dynamics of the hostels market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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