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This report focuses on the hostels market which is experiencing strong growth. The report gives a guide to the hostels market which will be shaping and changing our lives over the next ten years and beyond, including the market s response to the challenge of the global pandemic.
Major players in the hostels market are Hostelworld, Hostelling International, Green Tortoise Hostel, London Backpackers, Newquay Backpackers, Canada Hostels, WOKSEN, Cloudbeds, A&O Hotels and Hostels and OPERA Property Management System (PMS).
The global hostels market is expected to grow from $4.37 billion in 2020 to $5.2 billion in 2021 at a compound annual growth rate (CAGR) of 19%.