Irish travel website Hostelworld has said that sales rose by 5 per cent in 2015 in its first set of financial results as a public company.
Hostelworld, which also operates the Hostelbookers and Hostels. com brands, raised € 180 million when it listed on the Irish and London stock exchanges in November.
In the twelve months to December 31st 2015, group revenues rose by 5 per cent to € 83.5 million, with the average booking value also up by 5 per cent to €12.1 per booking. Earnings (EBITDA)for the year fell back to €23.6 million, “ reflecting marketing investment”.