Blockchain Registration Transaction Record

Hostelworld CEO Highlights Strategic Growth and Market Share Increase

Hostelworld CEO discusses strategic growth, market share increase, and financial health in interview with Proactive. Significant growth in app-based bookings, revenue, and net bookings due to introduction of social features targeting solo travelers.

The news is important for travelers and investors alike. For travelers, it signifies improved user interactions and new social features in the Hostelworld app, catering specifically to solo travelers. For investors, it showcases the company's successful strategy and financial health, including efficient cash conversion from EBITDA and a share repurchase program to offset dilution from previous share issuances.