Strong trading performance and cash conversion enabling early repayment of debt facility. Retirement of Chair and appointment of Independent Non-Executive Directors and Chair Designate.
Hostelworld, a leading global social network powered OTA focused on the hostelling category, held its AGM.
At the AGM, Michael Cawley, Chairman of Hostelworld, made the following statement: “I am pleased to report that trading remains consistent with the trends outlined in our March Preliminary Results continuing into 2024. In particular, our highly differentiated social strategy continues to deliver growth in market share whilst marketing costs remain at the low end of the guidance range. Building on 2023’s strong performance, we are confident we can deliver high single-digit booking and revenue growth, in line with company guidance.
Accordingly, the business now expects to repay the remaining 7.5m euros balance of the…
