Updates

Hostelworld - Results beat even upgraded guidance

May 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

After several upgrades, results here were also duly turbo charged with revenues up 34% to €93.3m and EBITDA of €18.4m, above guidance of €17.5m-18m for EBITDA margins of 19.7%. Net bookings rose 37% to 6.5m with average bookings value down 4% as expected due to a changing mix towards lower bed prices in Asian markets. Crucially, marketing fell from 58% to 50% sales - and just 48% in H2 - thanks to more bookings via its social app, which facilitates opportunities to meet like-minded travellers and book more events. Excitingly, in Q4 ‘23 the percentage of total bookings from social members rose from 54% to 74% year-on-year; as well as increasing the potential for repeat holidays, they make 2.3x the number of bookings over the first ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Hill & Smith

Luceco

Hostelworld - Bank debt, which peaked at €21.2m, now paid off (December 2024)

Hostelworld - Net debt drops to €2.6m (October 2024)

Hostelworld - Results beat forecasts, debt down (March 2024)

Hostelworld - Blow-out 43% bookings growth drives upgrades (December 2023)

Hostelworld - New social platform drives 50% forecast upgrade (October 2023)

Hostelworld (October 2022)

Hostelworld (October 2021)

Hostelworld (May 2021)

Hostelworld (March 2021)

Hostelworld (October 2020)

Hostelworld (August 2020)

Hostelworld (May 2020)

Hostelworld (April 2020)

Hostelworld (October 2019)

Hostelworld (June 2019)

Hostelword (November 2018)

Hostelworld (July 2018)

Hostelworld (March 2018)

Hostelworld - 10% rise in bookings (October 2017)

Hostelworld - Largest online provider of hostel accommodation enjoying rapid growth (June 2017)

Hostelworld - Online disruptor for hostels enjoying strong margin growth (May 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X