Company watch: Bookings boost for Hostelworld but Ukraine war casts a shadow
With net revenue up 10 per cent, the online travel agent remains cautiously optimistic, though concerns remain over Ukraine effect on fuel prices
Bookings at Hostelworld have recovered to around 80 per cent of pre-pandemic levels, but rising fuel prices caused by the Russian invasion of Ukraine could lead to a fall off later this year, its chief executive has said.
In its annual results, the Dublin-headquartered online travel agent said it had experienced a “consistent recovery in weekly net bookings and revenues” in the 12 weeks to March 27.
It added that the current trends “are encouraging ...
