Press release
Global Hostels Market Key Players, Industry Demand, CAGR Value 4.8% During The Forecast Period 2023-2027: Hostelworld, Hostelling International, Green Tortoise Hostel, London Backpackers
Hostels Market
As per the hostels market report by The Business Research Company, 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 travelers are opting for hostels. For instance, according to Solo Travel Statistics and Data: 2021-2022 published by Solo Traveler, a US-based provider of tips and advices on destinations to solo travelers, in the survey, 70% of respondents said they were ready to travel internationally again in 2021.
The global hostels market size will grow from $6.04 billion in 2022 to $6.35 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The global hostels market size is expected to grow from $7.65 billion in 2027 at a CAGR of 4.8%.
Read More On The Hostels Market Report Here:
https://www.thebusinessresearchcompany.com/report/hostels-global-market-report
Major 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.
The hostels market is segmented -
• By Type: Students, Workers, Other Types
• By Price Point: Economy, Mid-Range, Luxury
• By Mode of Booking: Online Bookings, Direct Bookings, Other Mode Of Booking
• 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.
Request A Free Sample Of The Hostels Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5469&type=smp
The hostel market consists of revenues earned by entities by providing hostels and related services. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.
The Table Of Content For The Hostels Market 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
6. Hostels Market Segmentation
…………
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
The "Global Hostels Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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