The “price sensitivity” of travellers was one of the key messages from Hostelworld this morning as it announced its full-year results for 2024 with the biggest takeaway being the increased popularity of lower-cost destinations. The company reported a slight dip in revenue of one per cent to €92 million. Operating profit bumped up significantly, by 126 per cent, to €11.3 million while Ebitda came in at €21.8 million, up 19 per cent. The drop in revenue at the London-listed company can be seen in the booking habits and preferred destinations of travellers. While net bookings were up six per cent…

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