John Moriarty kicked off great list of possible metrics and considerations to look at when analyzing the market for a new hostel.
If you were analysing a new market to put a hostel in what do you look at ? Anything I am missing from the below list:
-No. of Hostels
-No. of Beds
-Room Types
-Prices
-Privates Vs. Dorms
-Nationality Demographics
-Local Tourism Figures
Other members of the community added to the list:
A big thank you to Juliana Nogueira, Beata Baltavari, Lvi Borba, Omer Bogger, Ophir Morad, Juan Velazquez Correra, Cathrin Eszbach, Michal Smolenski, William Cass, Lyuba Sorokina, Kamaleshwaran Ketheeswaran, and Arthur Aloha for your contributions to this list!
What else do you think should be considered?
6 years
This is a really great list. My question is, is there an easy way to obtain these figures? Key figures like occupancy seem very difficult to get hold of, unless there are sources I don’t know of that show these figures for a particular location?
6 years
@nathannoerr - If you are an existing member of Hostelworld or Booking.com you should be able to ask them for the details in regards occupancy levels. You also might find figures from your countries tourism association. I was able to obtain figures from HW and the Irish tourist board and the figures aligned so I believe them to be a good metric for calculating possible income by occupancy level.
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