A largely risk averse investment market and a more socially aware corporate market has contributed to the rapid innovation of the limited-select-service hotel sector. This vibrant segment now presents the consumer more options and the investment market with more considerations. This year, HVS initiated a performance index to attempt to quantify the performance of the whole market so future investment decisions at every level can be made more informatively. This update1 has been compiled to coincide with the inaugural Hostel & Budget Traveller Conference 2014. In the following pages, we discuss the hostel and budget traveller market and draw conclusions that will be of interest to stakeholders and professionals within the sector.

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