In good company: The industry is likely to benefit from increased internet penetration rates

The Bed and Breakfast and Hostel Accommodations industry has benefited over the five years to 2018 from a growing economy. Driven by an increase in travel rates and spending during the five-year period, which has positively affected all travel industries, demand for bed and breakfast and hostel accommodation has risen steadily. With the rise of websites like Airbnb that let people rent out their lodging, small businesses that specialize in providing less costly or more personalized alternatives to hotels have contended with increasing competition. Airbnb now has more than 2.0 million accommodation listings around the world. This rapid growth has constrained industry growth over the past five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
4.2%
Forecast Growth 18-23
Profit
Employment
27,941
Businesses
7,992
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Trips by both domestic and foreign tourists have grown over the past five years as the economy has improved
  • There is still a large and growing component of international visitors
  • The hostel component of this industry is expected to continue its expansion, particularly into large cities
  • Industry Report - Industry Analysis Chapter

    Over the five years to 2018, the Bed and Breakfast and Hostel Accommodations industry has experienced robust growth. Demand for all forms of travel accommodation has increased during the period, as consumers have become less concerned about finances and began to spend more liberally on luxuries, including travel. Since 2013, the economy has continued to gain traction, increasing consumer sentiment substantially. The rise of the internet as the main channel for travel accommodation bookings has both helped and hindered the industry. Small bed and breakfast (B&B) and hostel owners are exposed to a broader and previously unreachable market through online advertising. How...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's in this report

    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 hotels, motels and casino hotels.

    Industry Products
  • Bed & Breakfast
  • Youth and backpacker hostels
  • Meals and other food items served for immediate consumption
  • Alcoholic beverages
  • 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 the industry
  • 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
  • Youth and backpacker hostels
  • Meals and other food items served for immediate consumption
  • Other
  • Alcoholic beverages
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Domestic Trips (2009-2023)

  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Bed & Breakfast & Hostel Accommodations Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Bed & Breakfast & Hostel Accommodations industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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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