Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > What Is A Hostel?
    Top Stories

    What Is A Hostel?

    Published by Gbaf News

    Posted on January 31, 2018

    3 min read

    Last updated: January 21, 2026

    An inviting shared hostel room featuring multiple bunk beds, highlighting the communal aspect of hostel living. This image illustrates the affordable and social nature of hostels, ideal for travelers seeking budget-friendly accommodations.
    Interior view of a shared hostel room showcasing bunk beds and communal space - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Backpacker’s hostelCharitable institutionsCultural backgrounds

    A hostel is an inexpensive accommodation for travelers and is shared by many of them. When a stay is booked in a hostel, the whole room is not occupied by the traveller, only a bed is allocated. Usually, people who work or study outside the city they live in opt for a hostel facility, where the accommodation and expense is shared by the inmates of the place.  This is best suited for students or low-wage earners as they need to check on their expense and save money.

    In a hostel, the number of people sharing the room varies depending on the size of the room. The other facilities in the hostel like the bathroom and the kitchen are also shared. A bathroom will be similar to a dorm with a large stall of showers and sinks, the only disadvantage is that there is a lack of privacy when compared to the same in a hotel room.

    The last decade has seen a lot of changes in the way hostels function and it offers many amenities that were missing earlier. This is the reason why hostels have become a great alternative to hotels. There are many luxury hostels that have come up to cater to the emerging trends. It is especially a hit among millennials who travel alone but like to socialize and make new friends who hail from different cultural backgrounds.

    Advantages of a Hostel
    Inexpensive: If you are an avid traveller, then a hostel is a great option as you can travel cheaply all over the world. The prices are way lesser when compared to staying in a hotel.
    Great option when travelling in large groups: You can share a single room with your gang of friends and have a fun group vacation without having to shell out a lot of money for individual rooms.
    Available in major cities across the world: Hostels are found in most major cities in the world other than America where it is not easy to find one.
    Cook your Own Food: You can cook your food in the fully equipped kitchen which is found in most hostels and save money. A free bit simple breakfast is also provided by many hostels.
    Meet people: Hostels are a great place to meet people from various part of the world. So you can expect to hear some exciting stories and share some of your own.
    Secure: There are lockers available to secure your belongings and for personal safety, there are strict rules in place.

    Types of Hostels

    There are two categories of hostels, they are:
    Youth hostels: These are mainly for students or for young adults and is mostly run by charitable institutions.
    Backpacker’s hostel: These are targeted for backpackers and is run by individuals or private companies. It is considered as an alternative for an inexpensive stay with dorm beds and bathroom.

    The essential thing to know is that hostels are not hotels. As a user of the hostel facilities, you should treat it like your home and follow the basic rules that you would do at home. If you are using the kitchen, ensure that you clean up after you are done. Make sure not to hog the bathroom as someone else might be waiting for their turn. It is a place meant to make new friends and have fun, you may also get a lot of travel tips, so don’t shy away from people.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostCLOUD EIGHT YEARS LATER: “INFLATED EXPECTATIONS” TO ENTERPRISE ADOPTION
    Next Top Stories PostWhat Is A Condo?