Moneybags

Hostelworld’s success could attract competition

Date: May 18, 2016 - Moneybags

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IT IS hard to believe that the tiny online youth hostel booking business which IT geek Ray Nolan and Tom Kennedy – a hostel operator – set up 17 years ago in 1999 is today worth €300m. The US private equity group, Hellman and Friedman, approached the boys in 2009 with a whopping €200m cash… Read more »

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