Founded in 2003, Hostelbookers.com allows travellers to compare prices and book rooms in more than 20,000 hostels, guest houses and campsites in 3,000 cities worldwide. Accommodation providers pay a fee when a booking is made through the company’s website, but the service is free for travellers. This has contributed to growth as Hostelbookers.com claims it is able to offer beds at nearly 9% less than its main competitor. Under chief operating officer David Smith, sales at the London company grew 46% a year from £2.7m in 2006 to £8.3m in 2009.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.