Hostel Strategy Beds & Bars Modern, clean, safe, friendly, social, innovative, “experiential”. Accommodation options from dorms to privates with en-suites. Beds in all major destination. Customer reuse – keep them in the network & leverage spending.
NZ is complete
Australia expect to add 4-5 properties in next 2 years
Work with other like-minded hostels to “fill in the blanks”. Develop e-commerce solutions and sales tools to increase distribution.
Hostels – The Future Fragmented market – further consolidation Chains & good owner/operators in specific destinations Increasing customer quality demands Increasing focus on the hostel/travel experience Increasing need to cater to “non-traditional” markets Property valuations vs. returns? Increased cooperation between all parties
Travel Shops 30 shops in Australia & NZ (11 within hostels)