[Ranking] TOP 25 Hostels / Hospitality Companies Q3/2023
Intro
The hostel industry, a sub-industry of the hospitality sector, plays a vital role in the worldwide economy. With the rising trend of budget travel and the increasing popularity of backpacking, hostels have become a go-to accommodation option for travelers seeking affordable and sociable experiences. Hostels provide a unique environment that fosters cultural exchange, community building, and memorable experiences for travelers from all walks of life.
The influence of the hostel industry extends beyond just providing lodging. It has a ripple effect across diverse sectors such as tourism, transportation, food and beverage, and local economies. Hostels often collaborate with local businesses, offering partnerships and promotions that drive foot traffic and boost the overall tourism ecosystem. Additionally, hostels serve as a catalyst for exploring off-the-beaten-path destinations and supporting sustainable travel practices.
In terms of economic magnitude, the hostel industry has witnessed significant growth in recent years. According to industry reports, the global hostel market is projected to reach a value of $6.5 billion by 2027, with a compound annual growth rate of 6.2%. This growth can be attributed to factors such as the increasing number of millennial and Gen Z travelers, the rise of digital platforms facilitating hostel bookings, and the growing preference for authentic and immersive travel experiences.
The hostel industry is not immune to trends, breakthroughs, and obstacles. Recent trends include the emergence of hybrid hostels that combine the affordability of dormitory-style accommodations with private rooms and upscale amenities. Technology has also played a significant role in shaping the industry, with hostel booking platforms and apps streamlining the reservation process and enhancing user experiences. However, challenges such as maintaining profitability in a competitive market, ensuring safety and security for guests, and adapting to changing travel patterns and regulations remain key obstacles for hostel operators.
The hostel industry is a dynamic and ever-changing landscape. New players constantly enter the market, challenging established brands and pushing the boundaries of innovation. As the industry evolves, hostels are adapting to cater to the changing needs and preferences of travelers, offering unique experiences, sustainable practices, and community engagement initiatives. Exploring the leading companies within the hostel industry provides valuable insights into the trends and strategies driving its growth and shaping the future of hospitality.
Ranking
#25 Langham Hospitality Investments
Employees: 0.1K
Revenue: 20M$
Website: https://www.langhamhospitalityinvestments.com
Description: Langham Hospitality Investments is a leading player in the hostel industry, providing exceptional accommodations and services to budget-conscious travelers. Headquartered in Hong Kong, China, the company operates a portfolio of hostels across Asia, offering comfortable and affordable stays in prime locations. With a focus on customer satisfaction, Langham Hospitality Investments ensures that each hostel maintains high standards of cleanliness, safety, and hospitality. The company was founded in 2017 and has quickly established itself as a trusted brand in the industry. With a dedicated team of approximately 100 employees, Langham Hospitality Investments continues to expand its presence and enhance the guest experience in the hostel market. In 2020, the company reported a revenue of 20 million dollars, reflecting its strong performance and growth in the industry.
#24 Red Lion Hotels Corporation
Employees: 2.5K
Revenue: 500M$
Website: https://www.redlion.com/
Description: Red Lion Hotels Corporation is a renowned hospitality company operating in the Hostels industry. With its headquarters located in Denver, United States, the company has been providing exceptional accommodation services since its establishment in 1959. Red Lion Hotels Corporation boasts a dedicated team of approximately 2.5 thousand employees who strive to deliver unparalleled experiences to their guests. Generating an impressive revenue of 500 million dollars, the company has established itself as a major player in the industry. With a commitment to providing top-notch hospitality services, Red Lion Hotels Corporation continues to be a preferred choice for travelers seeking comfortable and affordable accommodations.
#23 Choice Hotels International
Employees: 5.5K
Revenue: 1.1B$
Website: https://www.choicehotels.com/
Description: Choice Hotels International, headquartered in Rockville, United States, is a major player in the hostels industry. Founded in 1939, the company operates a vast network of hostels across North America and globally. With a focus on providing affordable and comfortable accommodations, Choice Hotels International caters to budget-conscious travelers seeking quality lodging options. The company's portfolio includes various brands such as Comfort Inn, Quality Inn, Econo Lodge, and Sleep Inn, offering a range of amenities and services to meet diverse traveler needs. Choice Hotels International has established itself as a reliable and trusted choice for hostel accommodations, attracting millions of guests each year. With over 5.5K employees, the company generates an impressive annual revenue of 1.1 billion dollars.
#22 Banyan Tree Holdings
Employees: 3.6K
Revenue: 1.2B$
Website: https://www.banyantree.com
Description: Banyan Tree Holdings, headquartered in Singapore, is a leading company in the Hospitality industry, specifically in the Hostels sector. Founded in 1994, the company operates a chain of luxury hostels across various countries. With a workforce of approximately 3,600 employees, Banyan Tree Holdings has established itself as a prominent player in the industry. The company generates an annual revenue of around 1.2 billion US dollars, offering exceptional services and experiences to its customers. Banyan Tree Holdings continues to expand its presence globally, providing top-notch accommodation and hospitality services to travelers seeking comfort and luxury within the hostel segment.
#21 Belmond
Employees: 5K
Revenue: 1.2B$
Website: https://www.belmond.com/
Description: Belmond, a luxury hospitality company headquartered in London, United Kingdom, operates in the Hostels industry. Since its founding in 1976, Belmond has established itself as a prominent player in the industry, offering exceptional hostel experiences to travelers. With a team of approximately 5,000 employees, Belmond focuses on providing top-notch services and amenities in their hostels. The company has achieved significant financial success, generating an impressive revenue of 1.2 billion dollars. Belmond's commitment to delivering unforgettable experiences to guests sets them apart in the competitive landscape of the hostel industry.
#20 Millennium & Copthorne Hotels
Employees: 20K
Revenue: 1.2B$
Website: https://www.millenniumhotels.com/
Description: Millennium & Copthorne Hotels is a prominent player in the hospitality industry, specifically in the Hostels sector. With its headquarters located in London, United Kingdom, the company operates numerous hotels and hostels across Europe. Founded in 1989, Millennium & Copthorne Hotels has a workforce of approximately 20,000 employees. The company generates a revenue of around 1.2 billion US dollars. Millennium & Copthorne Hotels strives to provide exceptional accommodation and services to its guests, ensuring a comfortable and memorable stay. With a focus on customer satisfaction, the company offers a wide range of amenities and facilities, catering to the diverse needs of travelers. Through its website, guests can easily access information, make reservations, and explore the various options available at Millennium & Copthorne Hotels.
#19 Scandic Hotels Group
Employees: 18K
Revenue: 1.3B$
Website: https://www.scandichotels.com/
Description: Scandic Hotels Group, headquartered in Stockholm, Sweden, is a leading player in the hospitality industry, specifically operating in the Hostels sector. Founded in 1963, the company has grown to become a well-established name in the industry. With approximately 18,000 employees, Scandic Hotels Group is dedicated to providing exceptional accommodation and services to its customers. The company's revenue stands at around 1.3 billion dollars, a testament to its success and market position. Scandic Hotels Group continues to expand its presence and uphold its commitment to delivering high-quality hospitality experiences to guests across Europe and beyond.
#18 Extended Stay America
Employees: 10K
Revenue: 1.5B$
Website: https://www.extendedstayamerica.com/
Description: Extended Stay America, headquartered in Charlotte, United States, is a leading player in the hospitality industry, specifically in the hostels sector. Founded in 1995, the company operates a chain of extended stay hotels across North America. With a workforce of approximately 10,000 employees, Extended Stay America offers affordable accommodations for guests seeking long-term stays. The company's revenue stands at around 1.5 billion US dollars. Committed to providing comfortable and convenient experiences, Extended Stay America continues to expand its presence and cater to the needs of travelers in the hostels market.
#17 OYO Rooms
Employees: 17K
Revenue: 1.8B$
Website: https://www.oyorooms.com
Description: OYO Rooms is a renowned player in the hospitality industry, specifically operating in the hostels sector. With its headquarters located in Gurugram, India, OYO Rooms has revolutionized the way people experience budget accommodations. Since its establishment in 2013, the company has witnessed tremendous growth and success. With a workforce of around 17,000 employees, OYO Rooms has become a major player in the market. The company's revenue stands at an impressive 1.8 billion US dollars, a testament to its strong presence and popularity. OYO Rooms is dedicated to providing comfortable and affordable accommodations to travelers, ensuring a delightful stay experience.
#16 InterContinental Hotels Group
Employees: 8.4K
Revenue: 2.1B$
Website: https://www.ihgplc.com/
Description: InterContinental Hotels Group (IHG) is a leading hospitality company operating in the hostels industry. With its headquarters in Denham, United Kingdom, IHG is known for its diverse portfolio of brands that cater to different traveler needs. Established in 2003, IHG has grown to become a global player in the hospitality sector. The company operates a wide range of hostels, providing comfortable and affordable accommodation options for budget-conscious travelers. With its extensive network of hostels across various continents, IHG aims to deliver a consistent and enjoyable experience for its guests. With a workforce of 8.4K employees and annual revenue of 2.1B$, IHG continues to innovate and expand its presence in the hostels industry.
#15 Radisson Hotel Group
Employees: 95K
Revenue: 2.3B$
Website: https://www.radissonhotels.com/
Description: Radisson Hotel Group, headquartered in Brussels, Belgium, is a prominent player in the hospitality industry, specifically in the Hostels sector. With a rich history dating back to 1938, the company operates a vast network of hostels across the globe. Boasting a workforce of approximately 95,000 employees, Radisson Hotel Group is committed to providing exceptional accommodation experiences for its guests. The company generates substantial revenue, with an estimated annual revenue of 2.3 billion dollars. With its strong presence in the hospitality industry, Radisson Hotel Group continues to prioritize customer satisfaction and deliver world-class services to travelers worldwide.
#14 Minor International
Employees: 30K
Revenue: 2.5B$
Website: https://www.minor.com
Description: Minor International, headquartered in Bangkok, Thailand, is a major player in the hospitality industry, specifically in the operation of hostels. Founded in 1978, the company has grown to become one of the largest hospitality companies in the world. With approximately 30,000 employees, Minor International operates a wide range of hostels across various countries in Asia and other continents. The company's hostels offer affordable and comfortable accommodations for travelers, providing a vibrant and social atmosphere. With a revenue of 2.5 billion dollars, Minor International continues to expand its presence in the hostel industry, catering to the needs of budget-conscious travelers around the globe.
#13 NH Hotel Group
Employees: 20K
Revenue: 2.5B$
Website: https://www.nh-hotels.com/
Description: NH Hotel Group, headquartered in Madrid, Spain, is a prominent player in the Hospitality industry, specifically operating in the Hostels sector. With a rich history dating back to 1978, NH Hotel Group has established itself as a leading provider of accommodation services. The company boasts a workforce of approximately 20,000 employees, dedicated to delivering exceptional hospitality experiences. NH Hotel Group generates substantial revenue of around 2.5 billion dollars, highlighting its financial strength. With its extensive portfolio of hostels, NH Hotel Group continues to cater to the diverse needs of travelers, offering comfortable and affordable accommodations in prime locations across Europe and beyond.
#12 Home Inns & Hotels Management
Employees: 40K
Revenue: 2.5B$
Website: https://www.homeinns.com
Description: Home Inns & Hotels Management, headquartered in Shanghai, China, is a leading player in the hostel industry in Asia. Established in 2002, the company has grown steadily over the years to become a prominent name in the hospitality sector. With a workforce of approximately 40,000 employees, Home Inns & Hotels Management operates a vast network of hostels across various cities in China, providing comfortable and affordable accommodation options for travelers. The company has successfully capitalized on the growing demand for budget-friendly lodging, offering a range of amenities and services to cater to the needs of its diverse customer base. Home Inns & Hotels Management has achieved significant financial success, generating an impressive revenue of 2.5 billion dollars.
#11 Wyndham Destinations
Employees: 25K
Revenue: 4.5B$
Website: https://www.wyndhamdestinations.com/
Description: Wyndham Destinations, headquartered in Orlando, United States, is a leading player in the hostel industry within the broader hospitality sector. Founded in 1990, the company operates a network of hostels across North America. With a workforce of approximately 25,000 employees, Wyndham Destinations is committed to providing exceptional hospitality experiences to its guests. The company generates significant revenue, amounting to 4.5 billion US dollars. Wyndham Destinations continues to innovate and expand its presence in the hostel industry, ensuring memorable stays for travelers seeking affordable and comfortable accommodations.
#10 Meliá Hotels International
Employees: 40K
Revenue: 4.5B$
Website: https://www.melia.com/
Description: Meliá Hotels International, headquartered in Palma de Mallorca, Spain, is a prominent player in the hospitality industry, specifically in the hostels segment. With a history dating back to 1956, the company has grown to become a leading brand in the European market. Meliá Hotels International operates a network of hostels across various popular tourist destinations, providing affordable accommodation options for budget-conscious travelers. With over 40,000 employees, the company ensures exceptional service and comfortable stays for its guests. Generating an impressive revenue of 4.5 billion dollars, Meliá Hotels International continues to expand its presence in the hostels industry, offering a diverse range of amenities and experiences to cater to the needs of modern travelers.
#9 Shangri-La Asia Limited
Employees: 34K
Revenue: 4.5B$
Website: https://www.shangri-la.com/
Description: Shangri-La Asia Limited, headquartered in Hong Kong, China, is a prominent player in the hostel industry. Founded in 1971, the company has established a strong presence in the hospitality sector. With approximately 34,000 employees, Shangri-La Asia Limited operates a network of hostels across various countries in Asia. The company's hostels offer exceptional services and amenities, providing a comfortable and memorable stay for guests. Shangri-La Asia Limited has achieved significant success in the industry and continues to expand its portfolio of hostels. With a revenue of approximately 4.5 billion dollars, the company remains a key player in the hostel industry, setting high standards for quality and customer satisfaction.
#8 Marriot Vacations Worldwide
Employees: 20K
Revenue: 4.5B$
Website: https://www.marriottvacationsworldwide.com/
Description: Marriott Vacations Worldwide is a leading hospitality company operating in the hostel industry. Headquartered in Orlando, United States, the company offers a wide range of vacation experiences and services to travelers. With a history dating back to 1984, Marriott Vacations Worldwide has established itself as a trusted name in the industry. The company operates numerous hostels across different locations, providing comfortable and affordable accommodation options for travelers. With a workforce of approximately 20,000 employees, the company is dedicated to delivering exceptional hospitality experiences. Marriott Vacations Worldwide generates an impressive revenue of 4.5 billion dollars, showcasing its strong presence and success in the hostel industry.
#7 Four Seasons Hotels And Resorts
Employees: 45K
Revenue: 5B$
Website: https://www.fourseasons.com/
Description: Four Seasons Hotels And Resorts is a leading luxury hospitality company headquartered in Toronto, Canada. With operations in the Hospitality industry, Four Seasons operates a network of high-end hotels and resorts across the globe. The company was founded in 1960 and has since become renowned for its exceptional service and luxurious accommodations. With approximately 45,000 employees worldwide, Four Seasons offers unparalleled experiences and personalized services to its guests. The company generates an estimated annual revenue of 5 billion US dollars. With its commitment to providing exceptional hospitality, Four Seasons continues to be a prominent player in the global hospitality industry.
#6 Accor
Employees: 35K
Revenue: 5.6B$
Website: https://www.accor.com
Description: Accor, headquartered in Paris, France, is a leading hospitality company in the Hostels industry. Founded in 1967, Accor operates a vast network of hostels across the globe. With a strong presence in Europe and other continents, Accor offers affordable and comfortable accommodations for budget travelers. The company's hostels provide a range of amenities and services, including communal spaces, shared kitchens, and social activities, creating a vibrant and inclusive atmosphere for guests. Accor's dedication to quality service and customer satisfaction has earned it a strong reputation in the industry. With 35,000 employees, the company continues to expand its portfolio of hostels and enhance the guest experience. In 2020, Accor reported a revenue of 5.6 billion dollars, demonstrating its financial success in the market.
#5 Hyatt Hotels Corporation
Employees: 55K
Revenue: 6.9B$
Website: https://www.hyatt.com
Description: Hyatt Hotels Corporation, headquartered in Chicago, United States, is a prominent player in the hospitality industry, specifically in the hostels segment. Founded in 1957, the company has established itself as a leading global hospitality brand offering comfortable and affordable accommodations to travelers. With a workforce of approximately 55,000 employees, Hyatt operates numerous hostels across the world, providing a seamless and enjoyable experience for budget-conscious travelers. The company's hostels are known for their clean and modern facilities, friendly staff, and convenient locations. Hyatt's commitment to exceptional customer service and attention to detail sets it apart in the hostels industry, ensuring that guests have a memorable stay. With an annual revenue of 6.9 billion dollars, Hyatt continues to expand its presence and maintain its reputation as a trusted name in the hospitality sector.
#4 Huazhu Group Limited
Employees: 100K
Revenue: 10B$
Website: https://www.huazhu.com/
Description: Huazhu Group Limited, headquartered in Shanghai, China, is a leading player in the hospitality industry, specifically operating in the hostels sector. Established in 2005, Huazhu Group Limited has grown to become a major player in the market. With approximately 100,000 employees, the company operates a vast network of hostels across various cities in China and beyond. Huazhu Group Limited generates an impressive annual revenue of 10 billion U.S. dollars, showcasing its strong presence and success in the industry. With its dedication to providing quality accommodation and excellent customer service, Huazhu Group Limited continues to be a prominent name in the hospitality sector.
#3 Jinjiang International
Employees: 100K
Revenue: 10B$
Website: https://www.jinjianginns.com/
Description: Jinjiang International is a leading hospitality company in the hostel industry. Headquartered in Shanghai, China, the company operates a wide network of hostels across Asia. With a history dating back to 1996, Jinjiang International has established itself as a trusted name in the hospitality sector. The company employs approximately 100,000 people, who are dedicated to providing exceptional service and creating memorable experiences for guests. Jinjiang International generates an impressive revenue of 10 billion dollars, showcasing its strong presence and success in the hostel market. With its commitment to quality and innovation, Jinjiang International continues to expand its portfolio and enhance the hostel experience for travelers around the world.
#2 Marriott International
Employees: 176K
Revenue: 22B$
Website: https://www.marriott.com/
Description: Marriott International, headquartered in Bethesda, United States, is a leading player in the hospitality industry, specifically operating in the Hostels sector. With a history dating back to 1927, Marriott International has established itself as a trusted brand in providing comfortable and affordable accommodation options for travelers. The company operates a vast network of hostels across various continents, catering to the needs of budget-conscious travelers. With a workforce of approximately 176,000 employees, Marriott International ensures exceptional service and hospitality to its guests. The company generates substantial revenue, totaling around 22 billion US dollars, further solidifying its position as a key player in the hostel segment of the hospitality industry.
#1 Hilton Worldwide Holdings
Employees: 173K
Revenue: 32.9B$
Website: https://www.hilton.com
Description: Hilton Worldwide Holdings is a leading company in the hospitality industry, specifically operating in the hostels sector. With its headquarters located in McLean, United States, the company has a strong presence in North America. Founded in 1919, Hilton has become a global brand known for its high-quality accommodations and exceptional customer service. With a workforce of approximately 173,000 employees, Hilton strives to create memorable experiences for its guests. The company generates significant revenue, reaching 32.9 billion US dollars. Hilton's website provides easy access to booking information, allowing guests to explore their extensive portfolio of hostels worldwide.
Summary
The analysis of the top companies in the hostel sub-industry of the hospitality sector reveals some interesting findings. The rankings are based on factors such as revenue, customer satisfaction, and industry reputation. One of the key takeaways is the dominance of well-established brands in this space.
One unexpected finding is the rise of boutique hostels that offer unique and personalized experiences to their guests. These smaller, independently-owned hostels have been able to carve out a niche for themselves by focusing on creating a sense of community and offering curated activities and events.
Among the premier companies in this sub-industry are Hostelworld, Generator Hostels, and Selina. Hostelworld is a leading online booking platform for hostels, connecting travelers with a wide range of accommodation options worldwide. Generator Hostels is known for its stylish and design-focused properties that cater to the modern traveler. Selina, on the other hand, offers a blend of accommodation, co-working spaces, and wellness activities, appealing to digital nomads and remote workers.
One shared element that drives the success of these top companies is their focus on creating a unique and memorable guest experience. They understand that today's travelers are looking for more than just a place to sleep - they want to connect with other travelers, explore the local culture, and have access to amenities that enhance their stay. These companies invest in creating inviting communal spaces, organizing social events, and partnering with local businesses to offer authentic experiences to their guests.
What sets these eminent companies apart from their rivals is their ability to combine affordability with quality. They have mastered the art of offering budget-friendly accommodation options without compromising on comfort or cleanliness. Additionally, these companies have embraced technology to streamline the booking process and enhance the overall guest experience. They leverage user reviews and ratings to maintain high standards and ensure customer satisfaction.