Hostelworld to focus on paying debt before return to dividends

The group reported sales of €51.5 million for the first six months of this year – up 57 per cent on the same period last year as it bounces back from pandemic


Hostelworld, the Dublin-based online travel agent, will focus on repaying its debt before to considers a return to paying dividends, its chief financial officer has said.

The company was badly hit by the collapse in the travel sector during the global pandemic.

However, it reported double-digit growth in sales and bookings for the first half of this year as its business continues to recover strongly from the worst effects of the pandemic. The group reported ...