According to the Tourism Industry Report, the total contribution by India in the world travel and tourism Industry is expected to increase from US$ 196.03 billion in 2019 to US$ 408.21 billion in 2024. As the numbers of international travelers are growing from the United States, Russia, Europe, Japan, and domestic travelers, India will witness new growth in tourist services.
Stats also propose that revenue generated by the tourism industry will increase 2 times in the next 5 years. India will soon expand its marketing efforts to target first-time visitors. Tourists are exploring India, not just for it is a cost-friendly trip and shopping experience, but also to relax and enjoy the surrounding of nature, rich & historical cultural heritage, variety in ecology, terrains, and places of natural beauty spread across the country.
These days Travelers look for convenience and low-cost decent accommodation. 70% of travelers are young under the age of 35 and travel on a minimal budget. It is obvious that the demand for more inns is increasing, whereas the tourism market is highly fragmented and has low attention. And an appropriate hostel chain can cater to the rising demand for economic and convenient accommodation services.
Being digitally advanced traveler country, allocation of higher budget for Tourism by government, low-cost healthcare facility for tourists, development of E-visa services, and rising income are supporting the growth of the tourism industry in India. To fulfill the need of large and rapidly growing tourist population, which offers huge potential for the nascent private hostel industry.
This concept of Backpackers Hostel Business is of sharing/ co-living, which has been taken from normal hostels, while amenities will be equivalent to hotels. It offers a sumptuous accommodation amplified by aesthetically designed urban structures, a young and lively ambiance and above all, utmost hygiene standards to ensure a comfortable and enjoyable stay for every traveler.
As the number of travelers increasing and forecasted to grow in heap, so the Hostels stays can become a more preferred option for budget concerned people.
These reports will offer strategic information, applications, industry overview, policies & plans, product specification, manufacturing process, cost structure, etc. on the project of Backpackers Hostel Business.
Our Expert's team is working on the project of starting up a Backpacker’s Hostel Business, which the most trending service of the Tourism Industry; and the team has prepared Business Planning Reports on the title. [Those reports are Business Feasibility Study Report, Business Modelling Report, Business Plan, and Detailed Project Report]. Our expert’s team has studied the market for awareness, demand, and supply for accommodation services, and wanted to share some helpful information about the project.
Browse Detailed Reports are available on - http://meticulousbplans.com/product/backpackers-hostel-chain-business/
FAQs
What I will get from these reports?
• It will give you a brief idea about Backpacker’s Hostel Chain Business.
• It will give you knowledge on technical, commercial aspects of a Backpacker’s Hostel Chain Business.
• It will give you the information required budget, daily expenses and profitability.
• It will provide you market-related information
Key questions answered in the report: –

• What is the feasibility of starting a Backpacker’s Hostel Chain Business?
• What are the most important affecting factors for Backpacker’s Hostel Chain Business and Real Estate Industry?
• Which are the high growth market segments in Backpacker’s Hostel Chain Business and Real Estate Industry?
• What are the requirements for starting a Backpacker’s Hostel Chain Business?
• What will be the budget for developing the business?
• What are the market forecasts and estimates from the period 2019-2022?
• What are the major drivers, trends, restrains, threats, and opportunities in the Industry?
• Who are the major players in a Backpacker’s Hostel Chain Business?
• How to get a loan or raise funds?
• All these and many more questions will be answered in these reports with detailed information.

Why one should get this innovative report?

• These are the most innovative reports which will help you take the decision about the business idea on the basis of information provided in.
• Most systematically researched and constructed the report.
• Prepared by experts and professionals from the industry.

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