AGM Statement
Hostelworld Group plc reiterated its full-year 2026 guidance in line with current market expectations, stating that year-to-date revenue momentum has been maintained despite challenging macroeconomic conditions, including the Middle East conflict. While long-haul demand from Asia has seen some softness, this is being offset by strong intra-European travel, and overall revenues have not been materially affected to date. The company is focused on strategic initiatives including scaling third-party inventory, activating Social Passes, and integrating OccasionGenius, and will continue to monitor trading patterns closely.
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Year-to-date revenue momentum maintained; FY 2026 guidance reiterated subject to macro conditions.
6 May 2026: Hostelworld, a ground-breaking social network-powered Online Travel Agent ("OTA"), is holding its AGM today at 12 noon at the offices of the Company, 8 Harcourt Street, Dublin 2.
At the AGM, Marieke Bax, Chair of Hostelworld, will make the following statement:
"It is my privilege to address shareholders as Chair of Hostelworld for the first time at today's Annual General Meeting. I would like to thank shareholders for their continued support and confidence in the Group, and I look forward to engaging with you over the coming months as I form my own views on the business and the opportunities ahead.
Against the currently challenging backdrop, I am encouraged by the strength of the platform the team has built and the underlying engagement we are seeing on the network. An AI agent can book a bed almost anywhere, only Hostelworld can introduce travellers to the people they will spend their evening with. This is a structural advantage that compounds as AI reshapes how people discover and book travel. Our near-term focus is on the disciplined execution of our strategic initiatives: scaling third-party inventory plus activating Social Passes through paid marketing and integrating OccasionGenius into our platform, during the second quarter of this year.
The broader macroeconomic consequences of the Middle East conflict are uncertain and difficult to predict. To date, the Group's overall revenues have not been materially affected. Demand for intra-European travel remains in line with our expectations and is currently offsetting softness in long-haul demand from Asia, where bookings on routes through the affected region have been impacted. Given the relatively short booking windows in our segment of the market, the Board will continue to monitor trading patterns closely and update shareholders should the position change.
On that basis, and assuming no further escalation of the Middle East conflict, the Board reiterates its guidance for the financial year 2026 in line with current market expectations."
AGM details:
The results of the resolutions relating to the AGM will be published later today. Further information relating to the AGM is published on the Company's website:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.