Despite the hostel industry’s ongoing evolution toward more stylish and sophisticated offerings that appeal to travelers of every ilk, the youth traveler remains an important demand-driver for the sector.
Beds revenue in London hostels has grown well in excess of the Bank of England’s 2% inflation target in 2019, with April real revenue rising 7.0% year-over-year.
Finding the precarious balance between driving occupancy and driving rate can be a hostelier’s white whale. Not infrequently, markets will drop rate to drive bed sales. Edinburgh has taken a different approach.
Yes, we’ve made it!After first launching in Hossegor in 2017, JO&JOE opened its doors on April 6, 2019 just a stone’s throw from the Cité Internationale Universitaire, in the south of Paris.Only 2 minutes from the RER B line, 20 minutes from the Arc de Triomphe...
Selina, the Tel Aviv-based blended hospitality startup, has raised $100 million in fresh financing with participation from Access Industries, Grupo Wiese and Colony Latam Partners.
LONDON – The accommodations sector is highly seasonal, with school breaks, holidays and weather dictating youth and family travel. Viewing performance seasonally can reveal holistic trends in the data and where there may be room for growth.
The company intends to use the investment to open new locations near the Dead Sea, the Israeli resort town of Eilat, and additional locations in Jerusalem.
From a revenue perspective, one of the biggest differences in the hostel and comparable hotel operating models is the relative contribution of ancillary revenue sources to total revenue.
Hostels in London and Amsterdam got the spotlight during a session dedicated to hostel performance metrics at this week’s STAY WYSE Hostel Business Conference, hosted by WYSE Travel Confederation.
In this monthly report STR’s data on Amsterdam hostels shows how city regulatory planning is having an effect on bed occupancy in the Dutch capital.