It goes back to when Cyrenians decided to improve its hostel.
Twenty-five yeago ago 86% of its hostel residents were in some form of paid employment, says Charles Fraser, St Mungo's chief executive; today it is just 4%.
Josh Wyatt, a partner at Patron Capital, the private equity firm based in London that owns Generator Hostels, said traffic had been brisk among young business travelers at its hostel in Copenhagen and seven other European properties.
Howard Sinclair, chief executive of St Mungo's, said the deferral of the cap was welcome, but warned that the rent reduction threatened the viability of some of its hostels and supported housing schemes.
Half of those living in the Y Cube, which opened earlier this month, will be young YMCA clients previously living in its hostels, while the other half will be referrals from the council.
As part of this, Veterans Aid will receive a grant of £3m to help refurbish, update and extend its vital hostel in Stepney, East London, where it houses former servicemen who have fallen on hard times and would otherwise be sleeping rough on the streets.
Beds from $26, doubles from $128 , +1 305 531 2727thefreehand.com Habita is well-established as Mexico's most stylish hotel chain and its first hostel, in the capital's Centro Histórico, reflects all the design details that have made its hotels so popular – heritage buildings, busy public areas, sleek modern architecture – with a significantly reduced price tag.
For more information, go to visitnationalforest.co.uk Where to stay Take a look at the YHA and its National Forest hostel (0800 0191 700, beds from £13 a night), or camping at Beehive Farm Woodland Lakes (01283 763981, from £14 a night).
The budget brand, which opened its first hostel in Elephant & Castle three years ago, has taken over a Georgian townhouse within the city walls, and has beds in a shared dorm from £18 per night and private twin rooms from £60.
For a Hard Day's Night on a budget, Generator Hostels – the chain that creates funky places for those strapped for cash – has opened its sixth hostel in Hamburg, in the Klockmann House where the Beatles recorded in the early 60s.
The upper age limit for most is 16 or 17, but the YHA also runs a Future Leader camp for 17-19-year-olds 17-19-year-olds 17-19-year-olds 17-19-year-olds encourates partitspants to try challEdale suchostelaft buinding and navigatheg to an overnight camPeak
