Making room: The industry will benefit from an increase in the number of domestic and international travelers

The Bed and Breakfast and Hostel Accommodations industry has benefited over the five years to 2017 from the rebounding economy. Driven by an increase in travel rates and spending, which has positively impacted all travel industries, demand for bed and breakfast and hostel accommodation has risen steadily since 2012. Over the five years to 2022, industry revenue is forecast to increase albeit at a slightly slower rate than during the previous period. The internet has become the main platform for small accommodation providers to advertise, and those with a superior online presence are more likely to succeed over the next five years. The industry is likely to benefit from increased internet penetration rates over the next five years...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
2.4%
Forecast Growth 17-22
Profit
Employment
26,809
Businesses
7,780
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • Customers are expected to travel more frequently as the economy continues to improve
  • Inbound trips by non-US residents have outpaced domestic trips by US residents
  • The continued popularity of Airbnb is expected to increase industry competiton
  • Industry Report - Industry Investment Chapter

    The Bed and Breakfast and Hostel Accommodations industry exhibits a moderate level of capital intensity. IBISWorld estimates that the industry invests $0.50 in capital for every dollar spent in wages. Capital investment by industry operators generally refers to purchasing the items required to fit out a room or suite, in addition to a foyer area and breakfast area. In contrast, while labor is important for customer service and cleaning purposes, wages make up an understated proportion of revenue as the industry is made up of many small-scale owner-operators that draw part of their personal income from profit. Cap...purchase to read more.

    Additional Insights for the Bed & Breakfast & Hostel Accommodations Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bed & Breakfast & Hostel Accommodations Industry are

  • Market research and understanding
  • Development of a symbiotic relationship with another industry
  • Must have license
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Domestic trips by US residents in the Bed & Breakfast & Hostel Accommodations industry impact industry performance..

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    What is the Bed & Breakfast & Hostel Accommodations Industry?

    This industry comprises establishments that are primarily engaged in providing short-term lodging. Excluded from this industry are except hotels, motels and casino hotels.

    Industry Products
  • Bed & Breakfast
  • Other (including hostels)
  • Industry Activities
  • Operating bed and breakfast inns
  • Cabins, housekeeping
  • Cottages, housekeeping
  • Operating guest houses
  • Operating hostels
  • Operating tourist homes
  • Operating youth hostels
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Domestic trips by US residents
  • Consumer Confidence Index
  • Inbound trips by non-US residents

  • Current Performance
  • Technology helps and hinders
  • Traveler profiles
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Trends promoting growth
  • Headwinds slow revenue growth
  • Players, people and profit
  • Table: Bed & Breakfast & Hostel Accommodations Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bed & Breakfast & Hostel Accommodations Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Caterers
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Travel Agencies
  • Wine & Spirits Wholesaling

  • Products & Services
  • Bed & Breakfast
  • Other (including hostels)
  • Chart: Bed & Breakfast & Hostel Accommodations Industry Products and Services Segmentation

  • Demand Determinants
  • Domestic travel
  • International tourism
  • Traveler profiles

  • Major Markets
  • Vacation travelers
  • Family travelers
  • Business travelers
  • Other (including meetings)
  • Chart: Major Market Segmentation for the Bed & Breakfast & Hostel Accommodations Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Bed & Breakfast & Hostel Accommodations

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bed & Breakfast & Hostel Accommodations Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bed & Breakfast & Hostel Accommodations Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bed & Breakfast & Hostel Accommodations Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Domestic Trips (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Backpacker Hostel
  • A low-cost accommodation with shared facilities for guests.
  • Bed And Breakfast (B&B)
  • An establishment offering bed and breakfast services, usually on a small scale and within a unique environment.
  • Hostel
  • An establishment, including backpacker and youth hostels, with dorms and some single rooms.
  • Why buy this report?

    The Bed & Breakfast & Hostel Accommodations Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bed & Breakfast & Hostel Accommodations:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bed & Breakfast & Hostel Accommodations market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bed & Breakfast & Hostel Accommodations, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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