Hostelworld boss positive on growth

• Despite difficult trading conditions since the IPO last year, the Hostelworld chief executive has big plans for the ongoing development of its app

Barry J Whyte

Chief Feature Writer @whytebarry
2nd April, 2017
Fearghal Mooney, the Hostelworld chief executive, says shareholders are happy with the online booking firm’s performance Pic: David Parry

It’s been a tough year for Fearghal Mooney, chief executive of Irish online travel booking company Hostelworld.

Overall revenues have fallen by 4 per cent; average booking values fell; revenues in its key market of Europe fell from €53.8 million to €49.4 million; the total number of transactions it handled dropped by 1 per cent; and the company’s share price is 20 per cent below its level a year ago.

Nevertheless, Mooney is keeping...

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