When I told my family I was planning a trip to Hong Kong, they responded, "Why? Isn't Hong Kong similar to Singapore?"
01.01.2025 - 05:47 / euronews.com
Hostels operator Safestay is planning to double its portfolio across Europe over the next few years, according to a report in The Times.
Chairman Larry Lipman is reported as saying the company should "easily be able to double over the medium term, which is about three years".
Currently it runs 20 hostels across Europe, including in the UK where it owns and is responsible for the freehold of five hostels. It also has one freehold hostel in Italy and five in Spain while the rest are run on a leasehold basis.
The company is already reaching out to potential hostel operators via a franchise offer. Lipman was quoted as saying: "They give us the chance to secure other sites without the need for big fistfuls of dollars.
"If we can veer away from buying the buildings we can get more flags in the ground and a larger revenue stream without a capital requirement."
Although Europe was still the group's "immediate playing field", Lipman pointed out that "the growth in Asia and potential in the United States is not lost on us".
The global hostel market is attracting more custom as budget-conscious travellers look to experience different countries within a more sociable group atmosphere than is found in hotels.
The global hostel market is set to be worth around $12.1bn (€11.6bn) by 2033, according to Safestay, quoting Hostel Market Outlook 2023 – 233, Future Market Insights.
When I told my family I was planning a trip to Hong Kong, they responded, "Why? Isn't Hong Kong similar to Singapore?"
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Southwest Airlines’ planned expansion to Europe is quickly becoming a reality. The Dallas, TX-based carrier recently shared with Travel + Leisure that it has officially signed a joint commercial agreement with Icelandair to begin flights between the two airlines starting in February 2025. The inaugural Icelandair flights will take off from Baltimore, MD (BWI) airport to Reykjavik, Iceland, although a specific launch day within February has not been disclosed. Once in Iceland, travelers can connect to Amsterdam, Barcelona, Berlin, Dublin, Paris, Prague, and other destinations throughout Europe within Icelandair’s route network.
Jan 16, 2025 • 12 min read
By the time my kids, Mila and Joe, were tweens, they’d become pretty savvy travelers. We had traveled as a family all over Mexico and Central America, to French Polynesia, and around Southeast Asia—Joe had even tagged along with me on a work trip to Egypt. But a family trip to Europe? Nope. I had been urged by a few well-traveled friends to save Europe for a time when my children would really appreciate it, when they could enthusiastically spend not just hours but consecutive days wandering museums and historical sites, when their palettes could handle sophisticated flavors, and when 10 p.m. dinners wouldn’t destroy the following day. I’m not sure why I chose to listen to this parenting advice while cavalierly ignoring all sorts of other cautionary tales and whispered warnings, especially since my kids ate everything, had been visiting museums since their toddler days, and frequently stayed up to 1 a.m. But I did, and year after year, kept punting on a family trip to Italy or Greece, countries I knew and loved and couldn’t wait to share with my kids when the time was right.
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