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In search of the aging backpacker

In search of the aging backpacker

News In search of the aging backpacker Have you signed up to one of our industry events yet? Click the logos to find out more. We’ve been tracking the quintessential youth traveller since 2002 – the backpacker. In 2017, data from WYSE Travel Confederation’s New...
Event impact on hostel performance: Edinburgh Festival Fringe

Event impact on hostel performance: Edinburgh Festival Fringe

News By Kelsey Fenerty, STREDINBURGH – For three weeks every August, performers and arts lovers descend on Edinburgh to take part in the open-access Edinburgh Festival Fringe. In 2019 the festival saw more than three million tickets sold, with approximately 70% of...
Event impact on hostel performance: Edinburgh Festival Fringe

Check in with Berlin: Market Performance Year-to-Date

News By Kelsey FenertyGermany is the birthplace of hostels, so it should be no surprise that its capitol city, Berlin, is a haven for backpackers, with roughly 100 hostels and some of the best-known. Economy and midscale hotels provide competition, accounting for 44%...
Event impact on hostel performance: Edinburgh Festival Fringe

Miami: Hostels’ next hot spot?

News By Kelsey Fenerty, STRMIAMI – Despite the hostel industry’s ongoing evolution toward more stylish and sophisticated offerings that appeal to travelers of every ilk, the youth traveler – ­whether backpacker or gap year student – remains an important demand-driver...
Event impact on hostel performance: Edinburgh Festival Fringe

Keeping it real: The effects of inflation on London hostel revenue

News By Kelsey Fenerty, STR The UK experienced 2.1% inflation in April 2019, a mere tenth of a percentage point over target rate and just below the 2.2% inflation averaged over the past 12 months. As inflation rises, revenue must grow in line or in excess to maintain...