hostels market
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Hostels Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2015-2020, and the forecast period – 2021-2025, with additional forecasts for 2025-2030. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the hostels industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected hostels market growth numbers from 2021-2030.
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The global hostels market is expected to grow from $364.32 billion in 2021 to $451.99 billion in 2022 at a compound annual growth rate (CAGR) of 24.1%. The growth in the hostels market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hostels market is expected to reach $840.27 billion in 2026 at a CAGR of 16.8%.
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https://www.thebusinessresearchcompany.com/report/hostels-global-market-report
The Hostels Global Market Report 2020-30 by The Business Research Company evaluates hostels market size, growth rate, drivers, hostels industry trends, and major companies.
The hostels market segments in the report are:
1) By Type: Students, Workers, Others
2) By Price Point: Economy, Mid-Range, Luxury
3) By Mode Of Booking: Online Bookings, Direct Bookings, Others
The table of contents in TBRC’s hostels market report includes:
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