Hostelworld Group (HSW) is a leading brand for millennials and other budget-conscious travelers seeking adventure and a social travel experience.
€619M
Net GMV
€93.3M
Net Revenue
6.5M
Net Bookings
€18.4M
Adjusted EBITDA
9.91 cent
Adjusted EPS
Note* - The above data is inclusive of Hostelworld Brand and Other Brands.
2023 was a year of improved financial performance and strategic development for Hostelworld. Our differentiated strategy enabled us to achieve record revenues, grow market share, and deliver adjusted EBITDA earnings ahead of market guidance. Our mission, to ‘help travellers find people to hang out with’, has resonated strongly with our customers, 61% of whom are young solo travellers (2022 59%), with our innovative ‘social’ strategy enabling them to make connections and build a community.
Demand was strong across all key markets and resulted in a year of record revenue growth. Following a prolonged period of travel restrictions, 2023 was a milestone year, particularly for Asia, with bookings into this region the largest in the history of the business. European demand was also particularly strong, with bookings up +14%, revenue up +21% and bed prices remaining high throughout the year.
Michael Cawley – Chairman
Hostelworld continues to be a young and ambitious global business which focusses on facilitating a social travel experience for millennials and others seeking a sense of adventure, community and interaction with like-minded international travellers. By focussing on hostels, and a young demographic customer base, we believe we are better positioned to benefit from the inherent growth of the sector and to compete more effectively with generalist online travel agents (OTAs).
FEARGAL MOONEY - Chief Executive Officer
€470M
€69.7M
4.8M
€1.3M
(5.97) cent
Interim Results for the six months ended 30 June 2024
