Hostelworld Group PLC (CHIX:HSWl)
£ 1.2775 +0.0025 (+0.2%) Market Cap: 160.66 Mil Enterprise Value: 153.82 Mil PE Ratio: 21.53 PB Ratio: 2.73 GF Score: 88/100

Full Year 2024 Hostelworld Group PLC Earnings Call Transcript

Mar 20, 2025 / 09:00 AM GMT
Release Date Price: £1.28 (+1.99%)

Key Points

Positve
  • Net bookings grew by 6% year over year, with a notable 9% increase from solo travelers.
  • The social network strategy has been effective, with 80% of bookings made by social members, up from 67% the previous year.
  • Marketing expenses as a percentage of net revenue decreased from 50% in 2023 to 46% in 2024, contributing to a 7% increase in net margin.
  • The company achieved a 19% increase in EBITDA, reaching 21.8 million euros, and returned to a net cash position by year-end.
  • Hostelworld Group PLC (LSE:HSW) repaid all bank debt two years ahead of schedule, strengthening its balance sheet.
Negative
  • Average Booking Value (ABV) contracted by 8% due to a shift towards lower-cost destinations, impacting revenue growth.
  • Revenue decreased by 1% year over year, reflecting the impact of lower-cost destination preferences.
  • Oceania was the only region to contract as a source market, with reduced long-haul travel from this region.
  • The company faced a negative working capital movement, impacting cash conversion, which decreased from 75% to 66%.
  • Despite growth in bookings, the preference for lower-cost destinations led to a decline in revenue from higher-priced regions like Europe.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HSW.L - Hostelworld Group PLC
Full Year 2024 Hostelworld Group PLC Earnings Call
Mar 20, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the 2024 preliminary results presentation and Q&A for Hostaworld.

I'd now like to turn the call over to Chief Executive Officer Gary Morrison. Please go ahead.

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Unidentified_2 [2]
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Thank you and welcome to Hotelor's 2024 preliminary results presentation this morning. We're delighted to have you with us. Today, I'll be joined by our CFO Caroline Sherry and David Brady, who's head of commercial finance and investor relations.

So for the next 30 to 45 minutes, Caroline and I will run through the slides, and
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