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Trading statements

Hostelworld in line with forecasts

21 January 2016 08:10

Hostelworld expects results for the full year to 31 December to be in line with the board's forecasts.

The group says it has continued to experience sustained growth in bookings for its flagship Hostelworld brand in H2 2015, with bookings up 21% compared with the corresponding period in 2014 (+17% on a full year basis).

The summer brand campaign performed well, and we are pleased with our progress in managing cost per click and cost per booking to drive a more efficient booking mix. Hostelworld also continued to grow its mobile business, with mobile (including tablet) representing over 40% of Hostelworld brand bookings for the year.

At 8:10am: (LON:HSW) Hostelworld Group Plc Ord Eur0.01 Wi share price was -4.5p at 202.75p

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