Technology

Hostelworld reports rise in 2017 bookings

Posted by Phil Davies on
Hostelworld reports rise in 2017 bookings

Hostelworld today reported a 6% rise in overall 2017 bookings.

Sales for the flagship Hostelworld brand increased by 13% year-on-year, the company reported in a trading update.

The gross average booking value was pegged at 2016 levels of €11.5 and up 2% on a constant currency basis.

Mobile devices including tablets now represent more than 54% of group bookings for the year, up from 47% in 2016.

The company said that it continues to make good progress in its mobile business.

Results for the full year to December 31 were described as being in line with expectations. The preliminary results are due to be announced on April 10.

Chief executive Feargal Mooney said: “We are pleased with the performance of the business in 2017.

“During the second half of the year we delivered an efficient booking mix with marketing costs for the full year marginally lower than our previously guided range.

“We continue to execute well on our strategy and this positions the group well to make further progress in 2018.”

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