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Tuesday, July 19, 2022

Student is expected to remain the largest segment in the global hostel market

An exciting new study from the team of Lucintel found that hostel market is expected to reach $XX billion by 2027 with a CAGR of 10% to 12%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

Download Brochure of this report by clicking on https://www.lucintel.com/hostel-market.aspx

The hostel market is segmented based on type, price point, mode of booking, implementation, and region. In this market, student is expected to remain the largest type. Players can benefit from the available opportunities like rising spending on travel and rising number of institutions.

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 are some of the major players profiled in this 205 page report.

Request Sample Pages by clicking on https://www.lucintel.com/hostel-market.aspx

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the 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 What are the business risks and threats to the hostel market?

Q.4 What are some changing demands of customers in the hostel market?

Q.5 What are the new developments in the hostel market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this hostel area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this hostel market?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: 
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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