The global holiday firm that’s really going places

The global holiday firm that’s really going places
Hostelworld offers the investor a rather more exciting option than the usual bluechips

Hostelworld is a market-leading online booker, and its investment in technology and talent leaves it well placed to deliver further growth

It was only recently that I began to focus on a small listed Irish stock exchange company – listed on the British market too – which I perhaps should have noticed before. What prompted me to look at Hostelworld was that it has quietly and steadily become a global brand leader in its niche, and through several consolidations of smaller operators has strengthened its market position. It now has a market capitalisation of £234 million. It has had a high-calibre management team and is chaired by former Ryanair chief operating officer Michael Cawley. Prior to joining the group recently, chief executive Gary Morrison was head of retail for the Expedia brand worldwide, having previously been head of global sales operations for Google’s online sales channel. He has endorsed Hostelworld’s current technology initiatives.

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