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Evening Standard
Evening Standard
Business
Mark Banham

BIZARRE: Hostelworld predicts modest post pandemic earnings bounce | Mind Blowing Facts

The terrace at the Freehand hostel in Los Angeles

(Picture: Hostelworld )

Hostelworld the accommodation service catering to international travellers expects to end its financial year in a “modest earnings positive” as bookings have rebounded post-pandemic.

The global business was hit hard during the outbreak of Covid across the world but has reported net revenue in September of 104% of pre-Covid 2019 levels with bookings hitting 83% of that target.

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