Hostels outperform hotels as accommodation demand shifts to lower-cost options – GSS
According to the Service’s Accommodation Unit Survey, hostels recorded room occupancy rates of about 91% to 95% during the period, with standard hostels recording particularly high room occupancy of approximately 96% to 99%.
The Ghana Statistical Service (GSS) has reported that hostels have outperformed hotels in terms of room occupancy rates in Ghana between November 2024 and February 2025. Hostels recorded room occupancy rates of about 91% to 95%, with some recording occupancy rates as high as 99%. In contrast, some 1-star hotels had room occupancy rates as low as 28%, with bed occupancy at 24%.
This performance gap highlights the need for accommodation businesses to assess their performance based on factors such as occupancy, pricing, guest mix, and length of stay, rather than relying solely on the number of rooms available. The findings suggest that investors and financial institutions should consider demonstrated demand and utilisation when assessing accommodation investments, rather than focusing solely on the amount of available capacity.
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