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Hostelworld ( (GB:HSW) ) has issued an update.
Hostelworld reported a return to net cash and adjusted EBITDA in line with expectations for the year ending December 2024. The company achieved a 6% increase in net bookings, attributed to strong performances in Asia and Central America, despite a decrease in net average booking value due to demand for lower-cost destinations. Cost control and a focus on app-based social strategies contributed to a 7% rise in net margin and a 19% growth in adjusted EBITDA. The company fully repaid its bank debt, setting solid grounds for future growth.
More about Hostelworld
Hostelworld Group PLC is an innovative social network-driven Online Travel Agent (OTA) specializing in the hostelling sector. Established in 1999, the company is headquartered in Ireland and has a strong brand presence with nearly 230 employees and partnerships with hostels in over 180 countries. Hostelworld is dedicated to enhancing the sustainability of the hostelling industry, having introduced a sustainability framework and enabling customers to offset their carbon emissions.
YTD Price Performance: 0%
Average Trading Volume: 134,257
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £168.7M
For a thorough assessment of HSW stock, go to TipRanks’ Stock Analysis page.
