Last Updated on: 22nd November 2023, 07:48 am
In a surprising move, the Youth Hostel Association (YHA) has recently put 20 of its youth hostels up for sale, causing a stir within the hostelling community. This decision has come as a shock to many who have fond memories of their first taste of independence and love for the outdoors while staying at YHA hostels with friends, clubs, or school groups.
For some, the sale of these hostels represents an opportunity for property renovation. However, for others, it presents a golden chance to purchase and operate a hostel, offering an escape from the rat race.
This unprecedented situation sees a significant number of hostels being listed for sale simultaneously. In addition to the 20 YHA hostels, 13 independent hostels are also on the market. Situated in some of the most breathtaking locations in England and Wales, these properties provide individuals, couples, and families the opportunity for a complete lifestyle change. It is a chance to break free from the monotonous nine-to-five job, bid farewell to tiresome commutes, and escape the pressures of urban living.
Running a hostel business requires a certain type of person. Hostel owners must be people-oriented and relish challenges. Each day in the life of a hostel owner is different, with opportunities to meet new and inspiring individuals.
Owning a hostel comes with numerous rewards, such as being one’s own boss, infusing the business with personal enthusiasm and passion, and witnessing its growth and success.
Many of the properties being sold come with managers’ quarters, while others offer the possibility of creating a charming rural home. It is an excellent chance to operate a business from a historic building in an idyllic corner of the country.
Prospective hostel owners can find ample support in the industry. The YHA runs a franchise scheme that welcomes their ex-hostels, and the Independent Hostel network, which supports over 320 hostel and bunkhouse businesses, is always ready to provide advice and support to hostel owners, as well as welcoming new members.
Sam Dalley, director of Independent Hostels, is committed to ensuring that all hostels currently on the market continue to operate successfully. She emphasises the importance of hostels in the outdoor industry, offering flexible and affordable self-catering accommodation for people of all ages. The hostel model, with its shared facilities, is recognised as one of the most sustainable forms of tourism.
May hostels thrive and continue to provide hospitality, camaraderie, and affordable self-catering accommodation for individuals, couples, families, school groups, and clubs for years to come.
