Cloudbeds unveils inaugural State of Hostels report

Cloudbeds unveils inaugural State of Hostels report

Cloudbeds’ newly launched State of Hostels report reveals 2024 will be the year of chasing demand for hostels. The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. Cloudbeds’ insights are grounded in data from 3,000 properties across 95+ countries in North America, Latin America, Europe, and the Asia-Pacific region.