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Hostelworld

October 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HSW
  • Price:
  • 64p
Although battered by Covid-19, there are some early signs of stabilisation. The online booking platform operator for hostels put out H1 EBITDA losses of EU8.3m, within the previously guided range of EU8m-9m loss, reflecting a 67% decline in net bookings (including higher cancellation rates as a result of the pandemic) and lower average booking values (down 24% year-on-year) as a result of cancellations with longer lead times and lower bed prices.Marketing has been reduced by 54% to match reduced revenues while staff / administrative costs fell 10% due to cost actions.During lockdown, Hostelworld has accelerated its “Roadmap for growth” plans. In particular, it has mentioned increased payment options (Googlepay etc ...

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