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Losses narrow at Dublin-based Hostelworld as bookings soar

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Revenue jumped to almost €70m as the firm benefited from the return of travel abroad

Losses narrowed at Irish-based Hostelworld last year, as the travel sector continues to recover from the impact of the Covid-19 pandemic.

The Dublin-headquartered company reported an operating loss €13.6 million for the year, an improvement compared to the operating loss of more than €31 million recorded in 2021. Full year net bookings totalled 4.8 million, an increase of 228 per cent year on year, driven by recovery in Europe, and in particular, Asia and Oceania ...

 

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