Hostelworld (GB:HSW) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Hostelworld reports robust growth with a 9% year-on-year increase in net bookings for H1 2024, driven by strong demand in Asia and Central America. The company’s social strategy and app bookings contributed to a 23% increase in net margins and an 88% boost in adjusted EBITDA, with the full repayment of AIB’s debt facility ahead of schedule. The Board reaffirms the full year earnings guidance, projecting adjusted EBITDA in line with market expectations.
For further insights into GB:HSW stock, check out TipRanks’ Stock Analysis page.