Companies

Hostelworld raises full year guidance after record revenue

Net bookings on the accommodation platform totalled €5 million

Gary Morrison, Hostelworld Group chief executive, in Generator hostel in Dublin.

Hostelworld, the Dublin-based online travel agent, has upgraded its full-year earnings guidance.

It comes after the company said it had recorded its largest year-to-date revenue on record in the nine months to September 30.

The Dublin-listed company said revenue grew by 38 per cent year-on-year to €75.2 million. It also reported record year-to-date net GMV, gross transaction value of the booking less cancellations, of €496.4 million.

Net bookings totalled 5 million (+43 per cent year ...