- CEO
- Gary Morrison
- Full Time Employees
- 269
- Sector
- Consumer services
- Industry
- Other consumer services
- Address
- Hostelworld Dublin DU Ireland D02 AF58
- IPO Date
- Oct 28, 2015
- Business
- Hostelworld Group plc operates as a social network-powered online travel agent focused on the hostel market worldwide; it provides software and data processing services that facilitate bookings for hostels, bed and breakfasts, hotels, and other budget accommodations through its website and mobile apps; the platform features social networking tools, including chat rooms and city-based connections for travelers, Travel Plans for pre-booking engagement, Linkups for post-booking interactions, and Elevate, a marketplace monetization and ranking system for hostel partners. The company offers business information consulting, marketing planning, research and development, and management services; it also generates revenue from featured listings and ancillary streams like event discovery integration. Founded in 1999 and headquartered in Dublin, Ireland, with a registered office in Birmingham, United Kingdom, Hostelworld serves young and independent travelers across approximately 180 countries, deriving primary revenue from Europe, followed by Asia, Oceania, Africa, and the Americas; subsidiaries include Hostelworld.com Limited for technology trading, Hostelworld Management Services Limited, and Hostelworld Services Limited for marketing.
Hostelworld Group plc recently acquired OccasionGenius, a US-based B2B event discovery platform, for $12 million in October 2025, funded by a €10.3 million term loan from AIB, to enhance its social travel platform with integrated event data and accelerate monetization beyond accommodations. In H1 2025, the company launched Elevate in May, boosting blended commission rates to 15.8% from 15.2% in H1 2024, alongside Travel Plans and hostel-facing chat tools; it completed its cloud-native platform transition, reinstated a progressive dividend policy with an interim payout of 0.82 euro cents per share, and initiated a £5 million share buyback program in June 2025. Additional strategic initiatives include piloting social network monetization in Q4 2025, rolling out Third-Party Inventory for budget accommodations, adopting Open Travel Alliance API standards, and advancing ESG efforts through its Staircase to Sustainability framework, with over 2,500 hostels assessed.