Dublin-headquartered online booking platform HostelWorld Group has reported a 38% increase in revenue up to the end of September.
In a trading update, the group said it had revenue of €75.2m as it recorded five million bookings in the period, which is up 43% on the previous year.
The company said it continued to see strong booking growth across all regions, with Southern Europe, Asia and Oceania destinations remaining ahead of pre-pandemic levels.
It noted that its net average booking value came to €14.94, a fall of 4% on the previous year.
This was driven by a greater proportion of Asian destination bookings, which was partially offset by continued bed price inflation, the company said.
Gary Morrison, the company's group chief executive, said HostelWorld's strong trading performance has continued into the third quarter.
"In particular, I am pleased to report we continue to see growth in the proportion of bookings made by social members in Q3 (59% in September) and continued growth in year over year market share through the quarter," he said.
"Collectively, these operational results are driving an improved EBITDA outlook for the year, and a further reduction in our net debt position and interest rates for the balance of the year," he added.
