Poshtels: Segment Overview & Analysis

Market Overview

A poshtel is a posh hostel. The difference between poshtels and hotels is hotels are more private and yet a bit hostile. An individual can get an experience of both a hostel and a hotel in a poshtel – privacy, safety, socialising possibilities and good food. For a little extra comfort without sacrificing the social aspect from a hostel, poshtel is the best hybrid option an individual could opt for. Poshtels are the upcoming trend in the tourism industry. They have quite a better design as they are design focussed and the restaurant uses locally sourced ingredients. Poshtels are a combination of a boutique hotel and a hostel, where the services and products are as per the standards of a cool boutique hotel and yet cheaper (as in a hostel). Social environment filled with modern décor, free Wi-Fi, comfortable beds, clean and huge bathrooms, a pool and a nice outside view are few of the characteristics of a poshtel. For travellers roaming alone, a poshtel could be a good option as they can get the best prices for any activity and can have the best time of their life. A group of individuals can also check the new trend of staying in a poshtel.

Poshtels: Up-Selling factors

Poshtels offer services and an environment of both a boutique hotel and a hostel. The tourists who are more money and budget minded favour a place with a cost-effective angle – a poshtel would be the right place for them. The services and products are affordable (hostel type) with premium quality (like in a hotel). The tourists can experience a friendly hostel type environment (unlike the hostile or could be hostile hotel experience with compromising security) and better security. The most appealing aspect about a poshtel is that the tourists can live comfortably to their expectations and can also experience good social connects. They can expect high end accommodation facilities, better bathroom facilities and better designing and layout of the rooms and the lobby area. Poshtels attract people who are desiring to live in a hotel due to their desire to travel and given their increased purchasing power. Travel booking websites are registering poshtels in their directories as options for travellers in different parts of the world. The popularity of poshtels is growing at a rapid pace. They are becoming the new trend in the global travel and tourism industry.

Poshtels: Regions

Few years ago in Europe, the first of its kind luxury hostels were built and this trend appears to be growing. In the United Kingdom, the poshtel business has seen a good footfall and is likely to set foot on the progress bar in the coming years. This concept is catching up in the United States as well. The term hostel in America has a negative implication and the poshtel concept is believed to turn this into a positive connotation. The sector is gaining fast acceptance in Asian countries as well.

Famous Poshtels Around the World

There are various poshtels constructed around the globe. Few of the famous poshtels are – Plas Curig Hostel (Wales), Generator Hostel (Paris), NY Loft Hostel (New York), Space Hostel (Melbourne), Maverick Hostel and Maverick City Lodge (Budapest), Casa Gracia Barcelona Hostel (Spain), U Hostels (Spain), Tattva Design Hostel (Portugal), Bandai Poshtel (Thailand), Charpoi (Jaipur, India) and Siri Poshtel (Bangkok).

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What Can Readers Expect from this Report?

• An overview of the sector, including the key factors that have shaped patterns and demand
• Not just data, but insights that you can incorporate in your strategic decision making
• Nuanced underlying factors that influence consumer behaviour
• Data points to understand the past, analyse the present, and project the future
• Trends that will impact the sector in the short- and long-term
• Deeper understanding of the target audience, their motivations, aspirations, and expectations from service providers