AS we've discussed in the past, younger travelers have different demands for room accomodations than their parents did. Besides the growth in AirBnB demand, many of the "flashpacker" travel generation are opting for upscale hostels. Hostels that are spacious, nicely built, and have features like bars, jacuzzis, social interactions, and fast wi-fi so they can share their experiences on social media outlets.
An interesting trend which you can read more about on Bloomberg Business at this link.
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