15 years
"...100% increase in revenue every year". Geez is that Sarah Palin accounting. Or maybe Anchorage is the golden ground for hostels.
Girdwood Hostel (Alaska) featured in the news
Hostel Trends and News
International Hostel opens its doors in Old Girdwood - Eco-friendly backpackers inn can accommodate up to 30 people
http://www.turnagaintimes.com/current%20issue/2009-08-20/girdwood-hostel.html
After nearly six months of major renovations and reconstruction, the Girdwood Alaska Backpackers Inn opened its doors on July 4. What was once a dilapidated building is now an appealing and quaint two-story inn, with a green metal roof, freshly painted red exterior and eggshell trim, and wrap-around porches on each floor.
...The Girdwood Alaska Backpackers Inn is affiliated with Hostelling International USA and must meet strict guidelines to operate.
“If you don’t know how to run a business then the Hostelling International is great because they teach you how to run a safe and clean, secure hostel,” Boring said.
Three-and-a-half percent of gross revenues is paid back to Hostelling International USA as a fee for affiliation.
...“The Anchorage hostel has seen a 100 percent increase in revenue every year,” he said. “It can be a profitable business. I hope what happens because of the H.I. affiliation is that travelers will come to Alaska because they’re good hostels.”
- Comments
15 years
It might be that successful. Alaska is sort of a mecca for college students on break and backpackers in the hiking and camping sense. It's also extremely expensive, so hostels would be very popular. I wonder what time line they are using for that 100% though. The last two years? Since the one hostel opened 2 months ago projected to an annual growth?
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