Hostel Online Travel Agency Market Report 2025, Competitive Analysis of HostelWorld, hostelz, Zostel, The Hosteller, A&O, Safestay, HostelGeeks, Green Tortoise Hostel, HI, and Generator Hostels - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Hostel Online Travel Agency (OTA) Market (2024 Edition): Analysis By Platform (Mobiles/Tablets, Desktop), User Type (Students, Corporates, Others), By Age Group, By Region, By Country: Market Insights and Forecast (2020-2030)" report has been added to ResearchAndMarkets.com's offering.

Global Hostel Online Travel Agency (OTA) Market attained a market value of USD 2.93 billion in 2023. The Global Hostel Online Travel Agency (OTA) Market is expected to grow in the forecast period and register a market value of USD 6.49 billion in 2030 at a CAGR of 12.42% during the forecast period.

This report provides a complete analysis for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030. The research report covers a detailed analysis of the regions (North America, Europe, APAC, Rest of the World) and 10 countries (United States, Canada, United Kingdom, Germany, France, Italy, China, Japan, India, South Korea). Additionally, the research report presents data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities and demand forecast.

The Global hostel market is recovering strongly, driven by tailwinds to both supply and demand coupled with improving confidence in post-Covid recovery and resumed growth trajectory. Additionally, various companies focusing on young millennial/Gen Z travellers, and a rise in solo travellers looking for shared experiences with young travellers spending twice as much as the average international tourist throughout their entire trip, and traveling twice as often per year according to a trend report, has been anticipated to bolster the market growth.

The Hostel Online Travel Agency (OTA) market is propelled by an ever increasing young population across the globe; burgeoning demand for sustainable hostels, clubbed with an escalating urge to travel among youth and ever-changing preferences with respect to accommodation, will spur the market growth in future.

In contrast, the World Travel & Tourism Council forecasts global Travel and Tourism GDP to grow at an average annual rate of 5.8% between 2023 and 2032. With a larger share of the travel market moving online, this should benefit OTAs in the hostel segment, the most dominant online booking channel, as fewer customers book through offline channels such as walk-ins. This should be boosted by the fact that younger consumers, the main customer group for hostels, tend to make more travel bookings online than older age groups.

Additionally, various European conferences and events originally scheduled for February postponed or cancelled by COVID-19 concerns. For events slated for March, that number climbed to 76. Early in March, companies worldwide restricted or banned business travel and schools began to close, leading to a swift, sharp decline in group travel. Both factors contributed to a rise in cancellation fees and no-shows, which buoyed hostel revenue even as demand fell and led to an unlikely increase in Average Daily Rate (ADR).

The research report also assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.

Scope of the Report

• The report analyses the Hostel Online Travel Agency (OTA) Market by Value (USD Million).
• The report presents the analysis of Hostel Online Travel Agency (OTA) Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by services, by mode of operation & by end users.
• Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development.

Analyst Recommendations

• Invest in Eco-friendly, sustainable hostel stays
• Focus on offering unique stay experience to travellers

Global Hostel Online Travel Agency (OTA) Market: Historic and Forecast

Impact Analysis of Macro Economic Factors on Hostel Online Travel Agency (OTA) Market

• International Tourist Trips by Region of Origin (1995-2021)
• International Tourist Arrivals
• Global Hostel Online Travel Agency (OTA) Market Dashboard
• Market Size and CAGR, 2020-2030 (USD Million & CAGR)
• Market Value Assessment

OTA Market Segmentation: By Platform

• OTA Market, By Platform Overview
• OTA Market Size, By Mobiles/Tablets, By Value, 2020H-2030F (USD Million & CAGR)
• OTA Market Size, By Desktop, By Value, 2020H-2030F (USD Million & CAGR)

OTA Market Segmentation: By User Type

• OTA Market, By User Type Overview
• OTA Market Size, By Students, By Value, 2020H-2030F (USD Million & CAGR)
• OTA Market Size, By Corporates, By Value, 2020H-2030F (USD Million & CAGR)
• OTA Market Size, By Others, By Value, 2020H-2030F (USD Million & CAGR)

OTA Market Segmentation: By Age Group

• OTA Market, By Age Group Overview
• OTA Market Size, By 15-25 Years, By Value, 2020H-2030F (USD Million & CAGR)
• OTA Market Size, By 26-35 Years, By Value, 2020H-2030F (USD Million & CAGR)
• OTA Market Size, By 36-45 Years, By Value, 2020H-2030F (USD Million & CAGR)
• OTA Market Size, By Above 45 Years, By Value, 2020H-2030F (USD Million & CAGR)

Competitive Landscape

• Competitive Positioning
• Prominent Companies Market Share

Company Profiles

• HostelWorld Group PLC
• hostelz.com
• Zostel
• The Hosteller
• A&O Hostels
• Safestay
• HostelGeeks
• Green Tortoise Hostel
• Hostelling International (HI)
• Generator Hostels

For more information about this report visit https://www.researchandmarkets.com/r/mloy7d

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