Safestay Plc
LLSE:SSTY8.50
GBX
0.00
(0.00%)
ISIN
GB00BKT0J702
Return %
Stock
S&P 500
1Y
-58.54
14.20
3Y
-57.92
81.12
5Y
-62.22
68.34
Capital Structure
GBP
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in mil. unless spec.Working Capital
GBP
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in mil. unless spec.Growth Rates
GBP
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in mil. unless spec.Semi-annual Revenue
GBP
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in mil. unless spec.Semi-annual Earnings Per Share
GBP
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in mil. unless spec.Semi-annual Dividends Per Share
GBP
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in mil. unless spec.Company Description
- CEO
- Larry Glenn Lipman
- Full Time Employees
- 10
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- 1a Kingsley Way London GL United Kingdom N2 0FW
- IPO Date
- May 2, 2014
- Website
- safestay.com
- Similar Companies
- Business
- Safestay plc operates as a hostel group specializing in affordable, stylish accommodation across Europe, primarily under the Safestay brand. The company’s core offerings include hostel accommodations with various room configurations such as four to twelve bunk bedded dorms, en-suite facilities, and private rooms with tea/coffee making and television amenities. The portfolio spans key tourist cities including London, Glasgow, Brussels, York, Edinburgh, Brighton, and Córdoba. Safestay generates revenue through accommodation services, food and beverage sales, and ancillary hostel-related services. Founded in 2015 and headquartered in London, Safestay has expanded significantly through strategic acquisitions and organic growth, operating a portfolio of approximately 20 hostels throughout Europe. Recent enhancements include the integration of a new customer management tool, implementation of mobile check-in and mobile key technology, and the launch of an AI-powered dynamic pricing system to optimize room rates. The company also reintroduced an intelligent review management platform to improve guest sentiment analysis and experience. In 2025, Safestay entered a multi-year strategic partnership with Cloudbeds, a leading hospitality management platform, to migrate its entire hostel portfolio onto Cloudbeds’ Enterprise Platform aimed at boosting operational efficiency and guest experience. The company also pursued selective property disposals, including the sale of the freehold of Safestay Edinburgh Cowgate accompanied by a 10-year franchise agreement allowing the property to continue operating under the Safestay brand. Safestay is exploring various strategic options in light of challenging market conditions, including equity fundraising, property sales, leasebacks, and cost control measures to strengthen its balance sheet and support long-term growth ambitions. Safestay operates in the fragmented international hostel market, targeting primarily leisure and budget-conscious travelers seeking mid- to premium-end hostel experiences across urban European destinations. The business model combines direct hostel operations with franchising and management contracts to expand its footprint. Recent portfolio expansion includes acquisitions in Edinburgh, Brighton, and Córdoba, with planned openings like the Brighton site anticipated in 2026. The company successfully refinanced debt in early 2024 to support growth initiatives and improve funding capacity. Overall, Safestay plc offers a comprehensive, technology-enabled hostel accommodation platform across Europe with a focus on operational excellence, customer experience innovation, and strategic portfolio expansion through acquisitions and partnerships, positioning it as one of Europe’s leading hostel groups.