Hostel website ties up Ryanair.com deal
AN internet hostel reservation company, whose investors include U2 manager Paul McGuinness and former Baltimore Technologies director Paddy Holahan, has tied up a major deal with Ryanair.
Web Reservations International, which owns popular website Hostelworld.com, has agreed a deal to allow customers of the low fares airline book hostel accommodation over Ryanair.com.
The airline is already selling hotel rooms and car rental over its site and has been steadily expanding its ancillary revenues.
Web Reservations International began operations in 1999 and was founded by chief executive Ray Weber and president Tom Kennedy. Its other shareholders include Trevor Bowen of U2's company, Principal Management, who is also on the board of First Active.
The company recently bought popular US website Hostel.com which lists over 6,000 sites, for a total of ?6m. The company also operates things2do.com and trav.com.
Hostelworld.com chief executive Mr Nolan said the tie-up with Ryanair would be an ideal fit with the airline's customers.
"We believe this to be a tremendous opportunity to attract budget travellers who may have not considered hostel options up to now.
"It will be possible to book a short break with flights and accommodation in many European destinations from as little as ?50 all-in."