Consumers are expected to accelerate cost-cutting trends first seen in 2009, including out-of-season breaks, camping trips, budget accommodation and all-inclusive packages.
The wallet-friendly cava was flowing last night as the backpacking fraternity celebrated the annual hostel awards, counting down the best budget accommodation in the world.
The founders were classmates at university and came together to found the company, after having spotted the opportunity in taking the budget accommodation space online.