a&o will primarily look to convert existing office and commercial properties into hostel accommodation across Europe. LONDON – Leading European hostel chain a&o will invest approximately 500 million euros towards company expansion, with the conversion of existing office and retail properties into accommodation earmarked as a key area for growth. Currently, a&o‘s CO2 footprint is 3.73 kilograms per night, which is up to 80 percent lower than industry competitors. Winter has also announced plans to look at expanding a&o’s hostel presence across Europe in key locations such as London, Paris, Rome, Madrid, Lisbon, Berlin, Munich, Prague, and Amsterdam. a&o Hostels is benefiting from the momentum of an exceptionally strong performance in 2023, with 6.1 million overnight stays, 2.7 million guests and a turnover of 217 million euros.

Source: Ethiopian News March 13, 2024 14:10 UTC