The world of hostels

Despite advice to the contrary, Feargal Mooney, chief executive of Web Reservations International, was quick to see the profits to be made from budget travel

1st August, 2009

Feargal Mooney is a good advertisement for a company that makes its money from budget travellers. Despite running one of the most profitable private firms in the country, the low-key chief executive of Web Reservations International (WRI) drives a Skoda and has spent his fair share of time staying in hostels. But there is nothing budget about WRI, which was founded in Dublin exactly ten years ago and is better known by its trading name,Hostelworld.com....

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