Hospitality

Hostelworld swings into profit on the back of ‘record’ revenues

The company made a loss of €13.6 million in 2022 and a profit of €5 million last year

Gary Morrison, Hostelworld Group chief executive, in Generator hostel in Dublin

Hostelworld, the Dublin-based online travel agent, has reported group operating profit of €5 million in 2023.

This was a swing on the loss of €13.6 million the prior year, according to annual results for the group.

The Gary Morrison-headed company reported adjusted earnings before deductions of €18.4 million last year, up from €1.3 million in ... Hostelworld said the earnings “exceeded the upper end of market guidance” and represented growth of €17.1 million compared to ...