Hostelworld (GB:HSW) has released an update.
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Hostelworld reports a 9% year-over-year increase in net bookings, driven by strong demand in Asia and Central America, despite a 10% drop in average booking value. The Group’s adjusted EBITDA soared by 88%, reaching €9.6m, and the company has successfully repaid its AIB debt facility ahead of schedule. With the strategy paying off, Hostelworld is on track to meet its full-year expectations, underpinned by a robust social network strategy and commitment to sustainability.
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