Published: Jan. 10, 2024 at 2:59 a.m. ET
By Christian Moess Laursen
Hostelworld said its revenue jumped 32% in 2023 on robust demand in key markets.
The online hotel-booking platform said Wednesday that revenue rose to 93.7 million euros ($102.4 million), while net gross transaction value of bookings less transactions increased to EUR619 million, while net booking increased 37% on…
By Christian Moess Laursen
Hostelworld said its revenue jumped 32% in 2023 on robust demand in key markets.
The online hotel-booking platform said Wednesday that revenue rose to 93.7 million euros ($102.4 million), while net gross transaction value of bookings less transactions increased to EUR619 million, while net booking increased 37% on strong growth across regions.
Net average booking value was EUR14.36, down 4% on year, driven by a greater proportion of Asian destination bookings, partially offset by bed price inflation, it said.
“Going into…
