Dublin-headquartered online booking platform HostelWorld Group has reported a return to profits on the back of robust bookings growth across all its regions, including a record year for its Asia operations.
Hostelworld posted a profit after tax of €5.1m for last year compared to a €17.3m loss in 2022, while its net revenue for the year jumped by 34% to €93.3m from €69.7m the previous year.
It noted that its Net Average Booking Value fell by 4% to €14.36 due to a combination of bed price inflation and a greater proportion of Asian destination bookings.
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