Global Hostels Market Insights, Size and Growth Forecast To 2030

COVID-19
Global Hostels Market- By Type, By Price Point, By Mode of Booking - Regional Outlook, Competitive Strategies and Segment Forecasts to 2030
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Global Hostels Market- By Type, By Price Point, By Mode of Booking - Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Published: Aug 2022 Base Year: 2021 Report ID: COAM2205
Available Format: Historical Data: 2019 - 2020 Number of Pages: 1 - 232
Category : Construction & Mining


According to SPER Market Research, the Global Hostels Market is estimated to reach USD 12.95 billion by 2030 with a CAGR of 11.2%

The word "hostel" conjures up the image of a modest, affordable one-bedroom apartment, perfect for travellers on a budget. Today's hostels come equipped with individual rooms and other hotel-style facilities. While it is true that travellers can find lodging elsewhere for less money, this area of travel is also undergoing significant change to carve out its niche in the hotel industry and now caters to the needs of travellers all over the world, dispelling the stereotype of the dorm-style hostel.

The trend of visitors choosing hostels over hotels for the entire duration of their stay is quite popular. You pay much less compared to a hotel room. Plus, you get to indulge in the concept of community engagement and exposure to various cultures gives a high. Life is all fun and games here literally, with group travelling, language lessons, meditation and yoga, among other activities.

Impact of COVID-19 on the Hostels Global Market:
Hostels were not immune to COVID-19 fury since it threw a shadow as gloomy as possible over every conceivable business. As soon as the lockdown was announced internationally, hostel rooms in the capital began to fill up quickly, and most hostels closed their doors or barred foreign visitors. These long-term impacts are expected to influence the industry's growth throughout the projection period. To assure the inclusion of underlying COVID-19 concerns and potential future directions, our continuous study expands upon our research approach. The paper offers insights on COVID-19 taking into account changes in consumer behaviour and demand, buying habits, supply chain rerouting, dynamics of contemporary market forces, and important government initiatives. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Scope of the report:
 Report Metric Details
 Market size available for years 2019-2030
 Base year considered 2021
 Forecast period 2022-2030
 Segments coveredBy Type, By Price Point, By Mode of Booking
 Geographies covered North 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.

Global Hostels Market, By Type:
Based on the Type, Global Hostels Market is segmented as; Students and Workers.

Global Hostels Market, By Price Point:
Based on the Price Point, Global Hostels Market is segmented as; Economy, Mid-range and Luxury.



Global Hostels Market, By Mode of Booking:
Based on the Mode of Booking, Global Hostels Market is segmented as; Online Bookings and Direct Bookings.

Global Hostels Market, By Region:
Europe and Asia held the highest share of the worldwide hostels market, but it is predicted to develop slowly throughout the forecast period. Because of its size, it remains one of the most important marketplaces for hostel companies.

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, 2019-2030 (USD Million)
6.1 Students 
6.2 Workers
6.3 Others

7. Global Hostels Market, By Price Point, 2019-2030 (USD Million)
7.1 Economy
7.2 Mid-Range
7.3 Luxury

8. Global Hostels Market, By Mode of Booking, 2019-2030 (USD Million)
8.1 Online Bookings
8.2 Direct Bookings
8.3 Others

9. Global Hostels Market, By Region, 2019-2030 (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 Global 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.

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