Online travel agency Hostelworld Group has traded ahead of expectations, thanks to an increase in demand for travel in Asia.
The Irish company, which is listed in London, said adjusted EBITDA reached €18.4m (£15.7m) up from €1.3m (£1.1m) in the same period last year.
Full year net bookings totalled over six million, an increase of 37 per cent year-on-year.
Meanwhile, net gross merchandise value (GMV) grew by 32 per cent to €618.7m (£528m). The firm also reported a decline in operating costs.
Hostelworld was hit hard when the pandemic arrived as international travel ground to a halt. Its shares crashed from 240.09p in April 2019, to 49p in March 2020.
Since September 2022 when most pandemic restrictions had been lifted,…
