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

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%...
Miami: Hostels’ next hot spot?

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

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...
Student travel discount cards in the age of OTAs

Student travel discount cards in the age of OTAs

News “Don’t leave home without it” was once the tagline for American Express, offering, if not scaring, members to secure a safe alternative to cash prior to travelling: traveller’s cheques. The advice from American Express later became aspirational with the tagline...
Occupancy vs ADR: How Edinburgh balances rate and demand

Occupancy vs ADR: How Edinburgh balances rate and demand

News By: Kelsey Fenerty, STRFinding 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: the market has increased rate...