The a&o Hostels chain closed a successful half year: more than 2.9 million guest nights

By: Trademagazin Date: 2024. 07. 17. 10:25

a&o Hostels, one of Europe’s leading privately owned hostel networks, registered a record number of almost 3 million guest nights in the first half of this year, which is five percent more than the results of the same period of the previous year. The company also achieved a 10 percent increase in revenue, which is an outstanding result in the sector – reports Turizmus.com.

Spontaneous bookings and new openings

The booking habits of guests are also changing: more and more people decide to book accommodation at the last minute. Last year, during the summer season, nearly 40 percent of the guests took advantage of the “last minute” offers, i.e. they booked their accommodation 24 hours before arrival, while this year this proportion already exceeds 50 percent.

Oliver Winter, founding CEO of a&o Hostels, said: “This has been the strongest first half of our nearly 25-year history.” The company continues to expand, with two new openings planned before the end of the year, including a new property in Florence, as well as expanding their portfolio in the UK.