Hollow structures are often used to relieve the intrinsic strain on metal oxide electrodes in alkali-ion batteries. Nevertheless, one common drawback is that the large interior space leads to low volumetric energy density and inferior electric conductivity. Here, the von Mises stress distribution on a mesoporous hollow bowl (HB) is simulated via the finite element method, and the vital role of the porous HB structure on strain-relaxation behavior is confirmed. Then, N-doped-C coated mesoporous α-Fe 2 O 3 HBs are designed and synthesized using a multistep soft/hard-templating strategy. The material has several advantages: (i) there is space to accommodate strains without sacrificing volumetric energy density, unlike with hollow spheres; (ii) the mesoporous hollow structure shortens ion diffusion lengths and allows for high-rate induced lithiation reactivation; and (iii) the N-doped carbon nanolayer can enhance conductivity. As an anode in lithium-ion batteries, the material exhibits a very high reversible capacity of 1452 mAh g −1 at 0.1 A g −1 , excellent cycling stability of 1600 cycles (964 mAh g −1 at 2 A g −1 ), and outstanding rate performance (609 mAh g −1 at 8 A g −1 ). Notably, the volumetric specific capacity of composite electrode is 42% greater than that of hollow spheres. When used in potassium-ion batteries, the material also shows high capacity and cycle stability.