Download a copy of the Hostel Financial Model spreadsheet template here.

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Let's face it: foreseeing the future is still impossible. When it comes to making business decisions, this can be very scary... I mean, after all, we're putting a bunch of money to work and we don't ...

You’ve probably heard that, if you have an accommodation business, you need to have a Content Marketing Strategy (!?). But, what does that even mean? Why should you have one? How can you apply this strategy to your hotel, hostel, or B&B?

We Are All Consumers of Content

It’s ...

Are you a bit confused when you see the word "Room Type" in one of your Extranets or in your PMS or Channel Manager? Some people think: "Oh, yea - a Room Type is a Room.", but the thing is, it's not. And understanding the differences between them can help ...

So, what's all the chatter about Hostelworld's non-refundable rates? We're here to help you clear up the confusion. Basically, you have two rates in your Hostelworld account:

1. Standard Rate
2. Non-refundable rate

1. Standard Rate

As a hostel owner, this is the rate that you've always set ...

Let's be real: you're paying a lot for overbookings; maybe more than you think. Sometimes overbookings are inevitable (bad luck: you had a water leak in a room), but most of the time they are preventable. Before we go much further though, let's see how much you ...