Global Hostel Demand on the Rise

With no end in sight to the global financial crisis, many industries are continuing to suffer. One sector going against this trend is hostel accommodation. Over 80 percent of those surveyed also named Hostelworld.com as the most trusted hostel booking website.

Research released from Hostelworld.com, the number one hostel booking website, in association with Lonely Planet, the world's leading travel content provider, shows that 94 percent of people going on holiday this summer would consider hostel accommodation.

The global study, which questioned over 5000 people in 141 countries, found that the accommodation of choice for today's traveller is governed by cost. Of those questioned, nearly 90 percent would not be prepared to pay more than $100(US) per night for accommodation, with the majority (54 percent) prepared to cut their accommodation budget to have their holiday of choice.

The result is a booming trade for the global hostel industry with holiday makers reaping the benefit by making their trip go further. Half of those surveyed said they are looking to take a longer holiday than usual - 15 days or more.