Hostelworld Grp PLC – Trading Statement

LEI:213800OC94PF2D675H41

Hostelworld Group plc (“Hostelworld” or the “Group”)

Full Year Trading Update for Year ended 31 December 2023

Adjusted EBITDA exceeding market guidance driven by record revenue and bookings growth

Hostelworld is pleased to provide an update on trading for the period 01 January 2023 to 31 December 2023.

Continued execution of our highly differentiated growth strategy has enabled us to capitalise on robust demand in our key markets and to grow market share, while reducing paid marketing investment to the low end of our guidance range.

Key highlights:

á    Record net GMV¹ and revenue² of €619m (+32% year on year) and €93.7m (+32% year on year), respectively

á    Net bookings totalled 6.5m (+37% year on year) and net bed-nights totalled 22.7m (+30% year on year), driven by strong ​growth across all regions

á    Net average booking value of €14.36, (-4% year on year), driven by a greater proportion of Asian destination bookings, partially…