Disclosure came as the budget accommodation firm hosted a capital markets day for analysts and investors in London
Hostelworld sees strong recovery as revenues surpass pre-pandemic mark
Hostelworld’s October net revenues have reached 106% of pre-pandemic 2019 levels and recovery of net revenue is expected to improve further this month.
The disclosure came as the budget accommodation firm hosted a capital markets day for analysts and investors in London.
The company said: “As covered by our Q3 trading update, we continue to see strong booking and revenue momentum, enabled by our innovative and differentiated social network strategy.”
Hostelworld added: “A combination of strong demand recovery across all geographies, the group’s social network strategy delivering margin growth ahead of expectations and continued strong cost discipline means we expect to deliver net revenue of circa €70 million and an adjusted ebitda [earnings] of circa €1 million in full year 2022.”
It expects net revenue growth of 20% in 2023.