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
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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