Hostelworld’s profits climb to €1.79m

A quick peek at Hostelworld’s finances

Hostel booking site’s profits climb to €1.79m

Pre-tax profits at hostel booking website Hostelworld.com Ltd last year rose 23% to €1.79m, accounts show.

According to filings just lodged by Hostelworld.com Ltd with the Companies Office, revenues at the firm last year increased by 16.5% going from €49.6m to €57.79m.
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A breakdown of the firm’s revenues show that the company generated €36.94m in Europe, €10.82m in the Americas and €10.22m in Asia, African and Oceania.
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The firm had net liabilities of €201.95m and a note attached to the accounts states that parent, H&F Wings Lux has committed to continue to provide financial support.