Irish Travel Search company on way to $1 billion valuation

Fergus Burns 30th of October 2006 by Fergus Burns

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. You can leave a response, or trackback from your own site.

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

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February 19th, 2008 at 6:55 am

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