Irish travel accommodation firm Hostelworld records near 30% rise in earnings

Hostelworld is an online travel agent that people can use to book hostel accommodation

Hostelworld claims to operate in 180 countries. 

Irish travel accommodation company Hostelworld has seen earnings before deductions increase 28% so far this year despite a slight drop in revenue as it focuses on costs.

According to the company’s latest trading update, ending on September 30, Hostelworld said net bookings are up 7% year-on-year to 5.4 million driven by record performances in Asia and Central America.