Hostelworld (GB:HSW) has released an update.
Hostelworld reports robust growth with a 9% year-on-year increase in net bookings for H1 2024, driven by strong demand in Asia and Central America. The company’s social strategy and app bookings contributed to a 23% increase in net margins and an 88% boost in adjusted EBITDA, with the full repayment of AIB’s debt facility ahead of schedule. The Board reaffirms the full year earnings guidance, projecting adjusted EBITDA in line with market expectations.
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