Global Hostels Market Insights, Size and Growth Forecast To 2030

Description

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 covered: By Type, By Price Point, By Mode of Booking

Geographies covered: North America, Europe, Asia Pacific, South America, Middle East and Africa

Companies Covered: A&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.

Product Code: COAM2205

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