Irish Travel Search company on way to $1 billion valuation

30th of October 2006 by admin

From the SB Post article

Web Reservations International, a Dublin internet company[owner of brands such as Hostelworld, Hostels.com, etc], plans to launch a travel search engine next January, pitting the firm against internet giants such as Google….. The company made a pre-tax profit of €12.5 million last year as turnover rose by 79 per cent to €28.5 million. He said that a valuation of $1 billion was ''not beyond the realms of possibility'' for WRI.

This entry was posted on Monday, October 30th, 2006 at 3:39 am and is filed under Companies, Irish Web2.0 News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “Irish Travel Search company on way to $1 billion valuation”

Grant Currie

December 10th, 2006 at 5:15 am

I love rumours about Web Res.As a marketing director for a large hostel chain who has a lot to do with Hostelworld, occassionally I get to ask the guys weather the rumours are true or not. this one I will definately be asking about.

Nicola

December 12th, 2006 at 8:42 am

Hostelworld has joined forces with Unicef Ireland to build up reviews, could be for the new site see http://www.chickenandegg.ie

Web 2.0 Ireland » Blog Archive » Irish Software Association Conference 2008 - web2.0 focus

February 19th, 2008 at 6:55 am

[...] Guy Kawasaki – Ray Nolan – hostelworld – on his way to the $1billion exit – Jerry Kennelly – stockbyte – exited in [...]

Web 2.0 Ireland » Blog Archive » 10 million bookings on Hostelworld

May 28th, 2008 at 9:01 am

[...] wrote previously about Hostelworld/WRI – and with these kinds of figures no doubt we’ll see WRI IPO in the [...]