Friday 9 December 2016

Hostelworld bookings grow 21pc in second half of 2015

Published 21/01/2016 | 07:31

Pictured at the launch of the Hostelworld Group IPO in the Irish Stock Exchange were Mari Hurley, cfo, Hostelworld, Feargal Mooney, ceo, Hostelworld, Deirdre Somers, ceo, Irish Stock Exchange and John O’Donnell, cto of Hostelworld. Photo: Colm Mahady/Fennells
Pictured at the launch of the Hostelworld Group IPO in the Irish Stock Exchange were Mari Hurley, cfo, Hostelworld, Feargal Mooney, ceo, Hostelworld, Deirdre Somers, ceo, Irish Stock Exchange and John O’Donnell, cto of Hostelworld. Photo: Colm Mahady/Fennells

Bookings in Irish hostel-booking company, Hostelworld, grew by 21pc in the second half of last year while they grew by a 17pc on a full year basis.

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In a pre-close trading update released to the Irish Stock Exchange this morning the company said that it was pleased by its cost-per-click and cost-per-booking.

The Irish firm also reported a significant increase in its mobile business, saying that 40pc of its bookings were made by mobile.

The increased focus on Hostelworld as the primary brand and the ongoing integration of the Hostelbookers technology platform has resulted in a continued reduction in Hostelbookers bookings in the period.

In the first month of this year to company launched a new Hostelbookers website, which included a rebranding and improved pricing functionality.

Chief executive officer of Hostelworld, Feargal Mooney said: "We are pleased with the financial performance of the Group in 2015. Following the re-branding of the Hostelworld and Hostelbookers websites, the integration of the Group's technology platforms, the continuing advancement of our mobile offering and November 2015's successful IPO, we look forward to the current year and beyond with confidence."

Hostelworld floated on the stock exchange in October of last year, with a value of €245m.

The company's final financial results will be published on April 5.

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