Market Overview:
The global hostel management software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hostels as an alternative accommodation option, especially among millennials. Additionally, the growing popularity of vacation rentals is also contributing to the growth of this market. The global hostel management software market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into basic, standard and senior segments. Basic segment is expected to account for a major share in terms of revenue in 2018 owing to its low cost as compared to other types available in the market. Standard segment is projected grow at highest CAGR during forecast period due high adoption rate by small and medium-sized businesses (SMBs).
Product Definition:
Hostel Management Software is a computer software that helps in managing hostels efficiently. It allows users to keep track of the occupants, their reservations and payments. Additionally, it also helps in managing other aspects of the hostel such as room allocation, laundry services and housekeeping. Hostel Management Software can be used by both small and large hostels alike.
Basic（ User/Month）:
Basic（ User/ Month） is a cost-effective solution for Hostel Management. It helps in tracking all the operations including payment processing, room charging, member information management and reporting among others. The software also provides an automated system to manage bookings and reservations which increases the overall efficiency of the business.
Standard(（ User/Month）):
Standard is a pricing model which charges hostels an amount for each user that books into the room. It helps in charging customers based on the number of people sleeping in a room and notifies them with their bill accordingly. The software also provides information about linen, facilities, parking space availability along with other amenities like kitchen and laundry rooms.
Application Insights:
Hotel property management accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The software helps hotels manage bookings, guests¢â‚¬â„¢ accounts, reservations, bills and taxes. It also offers marketing & advertising tools to promote business through social media platforms like Facebook & Instagram. In addition, it helps generate revenue by charging a service fee from guest stays at the property.
The hostel management segment is expected to exhibit significant growth over the forecast period owing to increasing number of backpackers traveling around the world in search of adventure travel opportunities including trekking.
Regional Analysis:
Europe dominated the global market in 2017, with a share of over 30%. This is attributed to the presence of large number of budget hotels and hostels. The European Commission has launched a Europe-wide promotion campaign for youth tourism. It has also developed several Youth Tourism Products (YTPs) that highlight the unique characteristics and destinations within Europe. North America is expected to grow at an exponential rate over the forecast period owing to increasing focus on creating value-added services for travelers through innovative products and solutions by hotel management companies as well as third-party developers offering accommodation facilities/services. Moreover, rising demand for co-operative housing societies by young people who are looking for affordable housing options is anticipated to drive regional growth during the forecast period – from 2018 To 2030 (estimated).
Growth Factors:
- Increasing demand for budget travel accommodation: The growth of the Hostel Management Software market can be attributed to the increasing demand for budget travel accommodation. This is because hostels offer travelers a cheaper alternative to hotels.
- Proliferation of online booking platforms: Another key growth driver for the Hostel Management Software market is the proliferation of online booking platforms. This has made it easier for travelers to find and book hostels around the world.
- Growing popularity of solo travel: The growing popularity of solo travel is also contributing to the growth of the Hostel Management Software market as more people are choosing to backpack and explore new destinations on their own accord.
- Rise in youth tourism: A major factor driving demand for hostels is the rise in youth tourism, as young people are increasingly looking for affordable and social forms of accommodation while traveling abroad or within their own country’s borders . 5) Technological advancements: Finally, technological advancements such as mobile apps that allow users to book rooms and check-in remotely are also helping fuelgrowth in thismarket segment
Scope Of The Report
Report Attributes
Report Details
Report Title
Hostel Management Software Market Research Report
By Type
Basic（$20 User/Month）, Standard(（$45 User/Month）), Senior（$60/User/Month）
By Application
Hotel Property, Hostel Management, Vacation Rental
By Companies
Cloudbeds, WebRezPro Property Management System, Sirvoy, SafeHoste, Little Hotelier, thePass, Beds24.com, Hubworks, FrontDesk Master, Octopus24, MahantTech Consulting Services, Book.World, ASSD, Digital Rez International, NOBEDS, Zuan Technology, Hostel Management International, HostelSystem, Loventis Systems, Xenion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Hostel Management Software Market Report Segments:
The global Hostel Management Software market is segmented on the basis of:
Types
Basic（$20 User/Month）, Standard(（$45 User/Month）), Senior（$60/User/Month）
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hotel Property, Hostel Management, Vacation Rental
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cloudbeds
- WebRezPro Property Management System
- Sirvoy
- SafeHoste
- Little Hotelier
- thePass
- Beds24.com
- Hubworks
- FrontDesk Master
- Octopus24
- MahantTech Consulting Services
- Book.World
- ASSD
- Digital Rez International
- NOBEDS
- Zuan Technology
- Hostel Management International
- HostelSystem
- Loventis Systems
- Xenion
Highlights of The Hostel Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Basic（$20 User/Month）
- Standard(（$45 User/Month）)
- Senior（$60/User/Month）
- By Application:
- Hotel Property
- Hostel Management
- Vacation Rental
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hostel Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hostel management software is a computer application that helps manage a hostel, such as bookings, reservations, and inventory.
Some of the major players in the hostel management software market are Cloudbeds, WebRezPro Property Management System, Sirvoy, SafeHoste, Little Hotelier, thePass, Beds24.com, Hubworks, FrontDesk Master, Octopus24, MahantTech Consulting Services, Book.World, ASSD, Digital Rez International, NOBEDS, Zuan Technology, Hostel Management International, HostelSystem, Loventis Systems, Xenion.
The hostel management software market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hostel Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hostel Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hostel Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hostel Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hostel Management Software Market Size & Forecast, 2018-2028
4.5.1 Hostel Management Software Market Size and Y-o-Y Growth
4.5.2 Hostel Management Software Market Absolute $ Opportunity
Chapter 5 Global Hostel Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hostel Management Software Market Size Forecast by Type
5.2.1 Basic（$20 User/Month）
5.2.2 Standard(（$45 User/Month）)
5.2.3 Senior（$60/User/Month）
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hostel Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hostel Management Software Market Size Forecast by Applications
6.2.1 Hotel Property
6.2.2 Hostel Management
6.2.3 Vacation Rental
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hostel Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hostel Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hostel Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Hostel Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hostel Management Software Market Size Forecast by Type
9.6.1 Basic（$20 User/Month）
9.6.2 Standard(（$45 User/Month）)
9.6.3 Senior（$60/User/Month）
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hostel Management Software Market Size Forecast by Applications
9.10.1 Hotel Property
9.10.2 Hostel Management
9.10.3 Vacation Rental
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hostel Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Hostel Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hostel Management Software Market Size Forecast by Type
10.6.1 Basic（$20 User/Month）
10.6.2 Standard(（$45 User/Month）)
10.6.3 Senior（$60/User/Month）
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hostel Management Software Market Size Forecast by Applications
10.10.1 Hotel Property
10.10.2 Hostel Management
10.10.3 Vacation Rental
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hostel Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hostel Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hostel Management Software Market Size Forecast by Type
11.6.1 Basic（$20 User/Month）
11.6.2 Standard(（$45 User/Month）)
11.6.3 Senior（$60/User/Month）
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hostel Management Software Market Size Forecast by Applications
11.10.1 Hotel Property
11.10.2 Hostel Management
11.10.3 Vacation Rental
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hostel Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Hostel Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hostel Management Software Market Size Forecast by Type
12.6.1 Basic（$20 User/Month）
12.6.2 Standard(（$45 User/Month）)
12.6.3 Senior（$60/User/Month）
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hostel Management Software Market Size Forecast by Applications
12.10.1 Hotel Property
12.10.2 Hostel Management
12.10.3 Vacation Rental
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hostel Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hostel Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hostel Management Software Market Size Forecast by Type
13.6.1 Basic（$20 User/Month）
13.6.2 Standard(（$45 User/Month）)
13.6.3 Senior（$60/User/Month）
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hostel Management Software Market Size Forecast by Applications
13.10.1 Hotel Property
13.10.2 Hostel Management
13.10.3 Vacation Rental
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hostel Management Software Market: Competitive Dashboard
14.2 Global Hostel Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cloudbeds
14.3.2 WebRezPro Property Management System
14.3.3 Sirvoy
14.3.4 SafeHoste
14.3.5 Little Hotelier
14.3.6 thePass
14.3.7 Beds24.com
14.3.8 Hubworks
14.3.9 FrontDesk Master
14.3.10 Octopus24
14.3.11 MahantTech Consulting Services
14.3.12 Book.World
14.3.13 ASSD
14.3.14 Digital Rez International
14.3.15 NOBEDS
14.3.16 Zuan Technology
14.3.17 Hostel Management International
14.3.18 HostelSystem
14.3.19 Loventis Systems
14.3.20 Xenion
