Hostel Market In America: Potential For Growth

Shiv Ariyakula, CFA | November 8, 2016

By Shiv Ariyakula, CFA What is a Hostel? Hostels offer low-priced accommodations with a unique social component. Guests rent a bed rather than a room, sharing the space with up to five other guests. Some hostels include private bathrooms and kitchens in every room, though most hostels have a common bathroom area with no kitchen facilities. More than 4,500 hostels are spread throughout Europe, with the highest concentration in the densely populated destination cities. The first hostel originated in 1912 in Germany, and that country boasts the highest number of hostels today. Success in the European Market Historically, the European hoste...