The rise of hybrid hostels and institutional investors

In Asia Pacific, hybrid hostels and co-living concepts have been gaining interest from institutional investors, especially private equity funds. The rise of hybrid hostels has also refined the image of the industry, disassociating the negative connotation and misconception of hostel products. The demand sentiment in the hostel market has also improved over time due to wider acceptance of the sharing economy, the accelerating growth of solo travelers, and the sociability of the shared travel experience that strongly resonates with Millennials as well as the generations after them. This session will explore the current environment and how it will shape the hostel industry in the future