Shares in Hostelworld nosedive by up to 30%

Website blames terror attacks as €80 million wiped off value

26th May, 2016
Chairman Richard Segal (left) and chief executive Feargal Mooney Pic: Bryan Meade

Shares in accommodation booking website Hostelworld slumped by as much as 30 per cent today as the company warned of weak demand across Europe.

In a trading statement ahead of its annual general meeting in Dublin today, the company said “trading over the second quarter has been at a level below our expectations” and it blamed the recent terror attacks across Europe for putting travellers off booking breaks.

Shares in the company, which is...

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