Hostelworld (HSW.L, HSW LN)
Operating the world's largest hostels-focussed online booking platform, Hostelworld is a compelling play on the growing online travel space. It has a simple and efficient revenue model that drives strong margins and free cash generation. It is uniquely positioned at the centre of the growing budget accommodation ecosystem, with competitive advantages over peers in providing an attractive distribution channel for hostel inventory and in generating customer bookings. Pillars for sustained growth include marketing investment, which will drive a better non-paid bookings mix; pricing initiatives; mobile penetration; and growth in the Asia-Pacific region.
|Standard Life Aberdeen||9.7|
|Unicorn Asset Management Limited||5.7|
|Santander Asset Mgmt||5.5|