Hostel: Overview, Trends, and Industry Developments
The Hostel sector refers to budget-friendly lodging options that provide shared or private accommodation primarily for students, backpackers, tourists, and short-stay travellers. Hostels typically offer dormitory-style rooms with shared facilities such as bathrooms, kitchens, lounges, and communal spaces aimed at promoting social interaction and cost-effective travel. These accommodations have gained popularity due to rising travel demand, increasing youth tourism, and the growing...