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Hostel Market Trends and Forecast
The global hostel market is expected to grow with a CAGR of 10% to 12% from 2022 to 2027. The major drivers for this market are rise of solo travel, rising middle class population, growing popularity online travel agencies (OTAs), and increasing spending on travels.
Hostel Market by Type, Price Point, Mode of Booking, and Implementation

A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the hostels market report, please download the report brochure.
Hostel Market by Segments
Hostel Market by Segment
The study includes a forecast for the global hostel market by type, price point, mode of booking, implementation, and region as follows:
Hostel Market by Type [Value ($M) shipment analysis for 2016 – 2027]:
  • Students
  • Workers
  • Others
Hostel Market by Price Point [Value ($M) shipment analysis for 2016 – 2027]:
Hostel Market by Mode of Booking [Value ($M) shipment analysis for 2016 – 2027]:
  • Online Bookings
  • Direct Bookings
  • Others
Hostel Market by Implementation [Value ($M) shipment analysis for 2016 – 2027]:
Hostel Market by Region [Value ($M) shipment analysis for 2016 – 2027]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Hostel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hostel companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hostel companies profiled in this report include.
Hostel Market Insight
  • Student hostel will remain the largest segment over the forecast period. Student hostel is a structure that provides tenants common space to meet up. It is used by educational institutions to accommodate their enrolled students.
  • Asia Pacific is expected to witness the highest growth over the forecast period. Increasing adoption of hostel due to rising spending on travel and rising number of institutions.
Features of Hostel Market
  • Market Size Estimates: Hostel market size estimation in terms of value ($M)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by type, price point, mode of booking, and implementation
  • Regional Analysis: Hostel market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different type, price point, mode of booking, implementation, and regions for the hostels market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the hostels market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the hostel market size?
Answer: The global hostel market is expected to reach an estimated $xx billion by 2027           
Q2. What is the growth forecast for hostel market?
Answer: The hostel market is expected to grow at a CAGR of 10% to 12% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the hostel market?
Answer: The major drivers for this market are rise of solo travel and growing spending on travel.           
Q4. What are the major types for hostels?
Answer: Students, workers, and others are the major types for hostels.     
Q5. Who are the key hostel companies?
Answer: Some of the key hostel companies are as follows:
  • 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
  • eZee Frontdesk
Q6: In hostel market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to witness the highest growth over next 5 years
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global hostel market by type (students, workers, and others), price point (economy, mid-range, and luxury), mode of booking (online bookings, direct booking, and others), implementation (cloud, on-premises, and hybrid), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to hostel market or related to hostel market share, hostel analysis, hostel market size, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Hostels Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Hostels Market by Type 
3.3.1: Students
3.3.2: Workers
3.3.3: Others 
3.4: Global Hostels Market by Price Point
3.4.1: Economy
3.4.2: Mid-Range
3.4.3: Luxury 
3.5: Global Hostels Market by Mode of Booking
3.5.1: Online Bookings
3.5.2: Direct Booking
3.5.3: Others 
3.6: Global Hostels Market by Implementation
3.6.1: Cloud
3.6.2: On-Premises
3.6.3: Hybrid 
 
4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Global Hostels Market by Region
4.2: North American Hostels Market
4.2.1: Market by Type: Students, Workers, and Others
4.2.2: Market by Mode of Booking: Online Bookings, Direct Bookings, and Others
4.3: European Hostels Market
4.3.1: Market by Type: Students, Workers, and Others
4.3.2: Market by Mode of Booking: Online Bookings, Direct Bookings, and Others
4.4: APAC Hostels Market
4.4.1: Market by Type: Students, Workers, and Others
4.4.2: Market by Mode of Booking: Online Bookings, Direct Bookings, and Others
4.5: ROW Hostels Market
4.5.1: Market by Type: Students, Workers, and Others
4.5.2: Market by Mode of Booking: Online Bookings, Direct Bookings, and Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Hostels Market by Type
6.1.2: Growth Opportunities for the Global Hostels Market by Price Point
6.1.3: Growth Opportunities for the Global Hostels Market by Mode of Booking
6.1.4: Growth Opportunities for the Global Hostels Market by Implementation
6.1.5: Growth Opportunities for the Global Hostels Market by Region 
6.2: Emerging Trends in the Global Hostels Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Hostels Market
6.3.3: Mergers and Acquisitions, and Joint Ventures in the Global Hostels Industry
 
7. Company Profiles of Leading Players
7.1: Hostelworld
7.2: Hostelling International
7.3: Green Tortoise Hostel
7.4: London Backpackers
7.5: Newquay Backpackers
7.6: Canada Hostels
7.7: WOKSEN
7.8: Cloudbeds
7.9: A&O Hotels and Hostels
7.10: OPERA Property Management System (PMS)
7.11: Hotelogix PMS
7.12: Maestro PMS
7.13: MSI CloudPM
7.14: Frontdesk Anywhere
7.15: Rezlynx PMS
7.16: RoomMaster
7.17: Safestay plc 
7.18: eZee Frontdesk
 
.

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107 figures / charts and 68 tables are provided in this 205-page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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