Following reduced travel rates and spending during the recession which negatively impacted all travel industries, demand for bed and breakfast and hostel accommodation began rising in 2010. As the economy has improved, so has both domestic and foreign travel demand. As a result, industry revenue is expected to grow in the five years to 2015. Looking forward, the industry is anticipated to benefit from increased internet penetration rates and a continued resurgence in consumer spending.
This industry comprises establishments that are primarily engaged in providing short-term lodging (except hotels, motels and casino hotels).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.