Often overlooked by the average traveler, hostels provide guests with an opportunity to save money and make new friends all while experiencing a brand new destination.
So it should come as little surprise that these alternative accommodations are on the rise as more younger travelers seek more travel experiences. According to the Hostel Trend Report released by hostel booking platform Hostelworld, the industry's future is bright.
The report, commissioned by travel research company Phocuswright, sheds light on the current state of the hostel industry and examines where its headed.