Hostelworld revenue and profit declined last year as it added a free cancellation policy and invested in developing new technology. Hostelworld revenue and profit declined last year as it added a free cancellation policy and invested in developing new technology. The online hostel booking platform reported revenue of 82.1 million euros (£70.45 million) in the year to December 31, down from 86.7 million euros (£74.4 million) in 2017. This was accounted for by deferred revenue as the group rolled out a free cancellation policy. “We have a very relevant brand which is trusted by a loyal and engaged customer base.

Source: Irish Independent April 02, 2019 09:11 UTC