Wombats Holding is starting its European expansion with the opening of a new Hungarian hostel in Király street. The hostel will focus on young clients, offering 112 rooms and a capacity of 461 guests. The project is an investment of €1m. Wombats Holding began building its hostel network in 1999 when it opened its first in Vienna, followed by further ones in Munich and Berlin. The company plans further openings in London, Barcelona, Prague, Venice and Istanbul.