Economic Factors Affecting the Development of Hostels in Iran's Tourism Industry

Document Type : Original Article

Authors

1 Department of Business Administration, Faculty of Economics Management and Accounting, Yazd University, Yazd City, Iran

2 2 Associate Professor, Management, Department of Business Management, Faculty of Economics, Management and Accounting, Yazd University, Yazd, Iran.

3 Entrepreneurship Development, Faculty of Entrepreneurship, University of Tehran, Tehran, Iran.

Abstract

Context and Purpose: The growth of tourism in any region necessitates the establishment of accommodation industries within that area. In recent years, we have witnessed an increase in tourist volume and the prosperity of tourism in Iran. One of the accommodation industries that has flourished in other countries is the hostel industry, but in Iran, this industry has remained neglected. The main objective of this research is to identify development strategies for the hostel industry in Iran.
Methodology: The present study adopted an inductive approach, with field research conducted in the form of a survey. The target population of this research included all individuals who could be involved in this industry in any way. The content analysis method was employed for data analysis, and the software Maxqda10 has been utilized for this purpose.
Findings: Investment and cost factors, especially startup and operational costs, were identified as the most influential factors in hostel development. Economic justifications and return on investment, such as economic stability and the level of investment risk, and ultimately, cultural and social impacts, such as community benefits and stakeholder participation, are crucial next steps.
Conclusion: To foster hostel development, supportive policies for tourism entrepreneurs should be implemented to reduce investment risks, especially in launching new businesses.
Originality/value: This research focuses on economic factors concerning the establishment of new hostels in Iran.

Keywords

References

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Tourism and hospitality marketing research
Volume 2, Issue 1 - Serial Number 2
Spring and Summer
June 2024
Pages 113-135

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