Oliver Winter is one of the "fathers of the German hostel idea" and is the founder of a&o hostels. His vision of affordable accommodation in a city center with a sociable hostel feeling component has come true. He has established his budget-chain concept with huge success across Germany.
With the entry of TPG Real Estate, a&o paves the way for a Europe-wide market leadership in the individual and youth travel segment. At the same time, Oliver continues to look after the representation and strength of his brand and the well-being of the employees who lead a&o to success.
About a&o Hostels
a&o was founded in 2000 by Oliver Winter and currently operates 39 hostels in 23 cities and eight European countries. The a&o guest mix is diverse: backpackers as well as solo travellers, families, school groups and clubs. The number of business travellers and senior citizens is also increasing.
Three new locations were opened in 2020: Premieres were held in Poland, a&o Warsaw, and Hungary, a&o Budapest, as well as the second property in Copenhagen. With around 28,000 beds and 2.5 million overnight stays in the Corona year 2020, a&o recorded a turnover of around 64 million euros (2019: over 165 million euros). a&o's goal is to be Europe's "zero-emissions hostel chain" by 2025.
Since 2017, the American investor TPG Real Estate has owned a&o. The company is still managed by the founder.
Speaking at Adjacent Spaces
Recovery or Rebirth? Rebuilding Strategies for Adjacent Spaces
Leading CEOs discuss state of play and share vision to rebuild innovative real estate concepts. How have they steered their businesses through the pandemic? What have they changed to remain competitive? What their top priorities are? What will drive the recovery and growth?