financeSkift··1 min·For: Owner, Revenue, Investor
Hotelbeds Faces Margin Squeeze Despite Volume Growth
HBX Group, the parent company of Hotelbeds, projects over EUR 1 billion in additional booking volume this year while facing flat revenue and declining EBITDA. The bed bank's compressed margins highlight shifting take-rate dynamics across wholesale hotel distribution.
Key Takeaways
- 1HBX Group shares fell nearly one-third from its February 2025 IPO price of EUR 11.50.
- 2Booking volume is set to rise by EUR 1 billion on a constant-currency basis, but adjusted EBITDA will decline.
- 3Management attributed the earnings compression directly to adverse take-rate dynamics.
Source: Skift
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