Worldwide hostels market to reach $7.27 billion by 2026
The global hostels market reached a value of nearly $5,741.3 million in 2021, having grown at a compound annual growth rate (CAGR) of 1.5% since 2016. The market is expected to grow from $5,741.3 million in 2021 to $7,278.7 million in 2026 at a rate of 4.9%. The market is then expected to grow at a CAGR of 5.5% from 2026 and reach $9,502.8 million in 2031.