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Hostelworld Group H1 Earnings Call Highlights
['Max Byerly']
Ticker Report
Management estimated that transaction growth would have been about 4% without the impact of the conflict, which particularly affected travel into Asia and Oceania.
Revenue growth driven by higher commission rates“Overall, we delivered double-digit revenue growth with improving efficiency, EBITDA growth, and a return to net cash,” Gary said during the presentation, describing the first half as strong despite the external travel headwind.
Revenue growth outpaced transaction growth in several regions, including Western Europe, where revenue increased 10% against transaction growth of 3%, and Eastern Europe, where revenue rose 28% while transactions increased 15%.
South Asia generated revenue growth of 18% despite softer booking demand, while Latin America posted a 17% increase in revenue, which Sherry said was a record for the region.
About Hostelworld Group (LON:HSW)Hostelworld Group plc operates as an online travel agent focused on the hostel market worldwide.