Articles tagged “hostels”

GoStops' successful Series A funding is an indicator of investor confidence in the growing popularity of alternative accommodations. As young Indians with focus on budget and unique experiences take over the travel scene in the country, GoStops has the potential to gain, provided it can keep up with rising competition.

While luxury hotels in India are catering to increasing number of Indian travelers, the surge in demand for hostels indicates growth in all areas of travel.

A fire sale gives a new lease on life to Selina, a brand that reinvented hostels for the TikTok generation but struggled after a debt binge.

Selina billed itself as a pioneer in the "digital nomad" hospitality sector. But it can no longer avoid insolvency. Its woes can be partly traced back to its ill-fated SPAC merger in October 2022.

Europe hostel chain A&O is set to invest €500 million to aid its expansion across Europe. The company is seeking to expand its presence in European city centers.

The company claims this is a one-of-a-kind certification program for hostels.

Amid the loneliness crisis, people are looking to the travel industry to help them meet new people and build lasting connections.

Hostels satisfy a basic human need: social connections. And Hostelworld CEO Gary Morrison wants to act on it.

Generator Group, which owns or runs 21 hotels, gave a financial update on Monday that underscored the post-pandemic boom in travel.

Selina's stock price stabilized on Monday after a sharp drop to an all-time low on Friday. The chain of premium hostels and coworking spots is taking steps to escape penny-stock status.