Hostelworld shares rise as third quarter revenue, bookings improve
Hostelworld Group PLC on Thursday reiterated its outlook for 2025 as it celebrated a performance boost due to an improved effective commission rate.
The Dublin-based online travel agent focused on the hostel market said third quarter generated revenue was up 5% on-year, helped by a 2% increase in bookings and a 3% rise in average booking value.
The commission rate improved to 16.3% from 15.2% a year ago.
Hostelworld reiterated its 2025 adjusted earnings before interest, tax, depreciation and amortisation guidance, which it said remained in line with the current market consensus of €19.8 million, down 9.2% compared to €21.8 million in 2024.
Chief Executive Officer Gary Morrison said: ‘Looking ahead, we are on schedule to launch our social network monetisation and the provision of budget accommodation initiatives in the fourth quarter. The timely delivery of these foundational initiatives is a key step towards delivering our growth strategy, as set out at our capital markets day.’
Hostelworld shares rose 4.7% to 123.50 pence each on Thursday afternoon in London.
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