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.