Hollow lanthanide-doped compounds are some of the most popular materials for high-performance luminescent devices. However, it is challenging to find an approach that can fabricate large-scale and well-crystallized lanthanide-doped hollow structures and that is facile, efficient and of low cost. In this study, YBO3: Eu3+/Tb3+ hollow microspheres were fabricated by using a novel multi-step transformation synthetic route for the first time with polystyrene spheres as the template, followed by the combination of a facile homogeneous precipitation method, an ion-exchange process and a calcination process. The results show that the as-obtained YBO3: Eu3+/Tb3+ hollow spheres have a uniform morphology with an average diameter of 1.65 µm and shell thickness of about 160 nm. When used as luminescent materials, the emission colours of YBO3: Eu3+/Tb3+ samples can be tuned from red, through orange, yellow and green-yellow, to green by simply adjusting the relative doping concentrations of the activator ions under the excitation of ultraviolet light, which might have potential applications in fields such as light display systems and optoelectronic devices.