Welcome to New York:Hosteling in the capital of the world
George FinnHostelling International USA       New York City
Why build a hostel in New York?• 80,000 visitors to HI New York/year• $222m annually into the local economy(average $150 p...
Hostel Base in New York City
$166m FY2010
Background of “The New• Intent: close loopholes in current law that  allowed residential properties, as well as SRO’s  (Si...
No. Active Hostels                    No. Tourists per Hostel (M)      No. of Hostels per Million Tourists30              ...
No. Active Hostels      No. Tourists per Hostel (Millions)110.0                                                           ...
Key Trends• Declines of <10%> - <13%> in Hostel  bookings in 2010 and YTD 2011 when the  impact of legislation started to ...
Key Trends• New Hostels have opened in the cities  shown below, enabling these high levels of  growth. 40.0               ...
Hostel Bookings Growth: New York City vs. other                  US cities                           2009                 ...
Thank You!Questions?
Upcoming SlideShare
Loading in …5
×

Report On The Hostel Scene from New York

1,696 views

Published on

Published in: Travel, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,696
On SlideShare
0
From Embeds
0
Number of Embeds
554
Actions
Shares
0
Downloads
13
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Report On The Hostel Scene from New York

  1. 1. Welcome to New York:Hosteling in the capital of the world
  2. 2. George FinnHostelling International USA New York City
  3. 3. Why build a hostel in New York?• 80,000 visitors to HI New York/year• $222m annually into the local economy(average $150 per overnight)• Many hostel closings because of new legalparameters
  4. 4. Hostel Base in New York City
  5. 5. $166m FY2010
  6. 6. Background of “The New• Intent: close loopholes in current law that allowed residential properties, as well as SRO’s (Single Room Occupancy) structures to be used as Hostels.• Went in to effect May 1st, 2011• All hostels must be zoned properly (not “residential”) -• Most hostels must have two means of egress inside the structure• Must follow all commercial fire codes for hotels
  7. 7. No. Active Hostels No. Tourists per Hostel (M) No. of Hostels per Million Tourists30 4.023 3.015 2.08 1.00 0 New York Los Angeles Francisco San Washington DC Miami Boston
  8. 8. No. Active Hostels No. Tourists per Hostel (Millions)110.0 0.4 82.5 0.3 55.0 0.2 27.5 0.1 0 0 London Berlin Sydney Lisbon New York
  9. 9. Key Trends• Declines of <10%> - <13%> in Hostel bookings in 2010 and YTD 2011 when the impact of legislation started to be felt• Travelers increasingly choosing other destinations in the US over New York City directly related to hostel closures. These include but are not limited to: • Los Angeles +30% • San Francisco +41% • Boston +27%
  10. 10. Key Trends• New Hostels have opened in the cities shown below, enabling these high levels of growth. 40.0 • San Francisco: 2 new Hostels opened up with a combined 275 30.0 beds. 20.0 • Washington DC: 4 new Hostels opened up adding approximately 10.0 170 new beds 0 • Las Vegas: 5 new Hostels totaling 424 beds-­‐10.0 Hostel  booking  growth  NYC-­‐20.0 2008 2009 1010YTD  2011
  11. 11. Hostel Bookings Growth: New York City vs. other US cities 2009 2010 YTD  2011 60.0 45.0 30.0 15.0 0 -­‐15.0 New York Francisco San Boston Los Angeles Miami Washington DC
  12. 12. Thank You!Questions?

×