Hostelworld

Laying the groundwork for future growth

  • Sectors : Travel IT Services
  • Companies : Hostelworld

Ratings and price correct at time of issue.

  • Hostelworld

    Closing Price: 60.0p

  • RATING 15/12/15

  • PREVIOUS RATING N/A

DAVY VIEW

Hostelworld has reacted, in our view, swiftly and sensibly to the COVID-induced market dislocation. Its cost reduction and cash conservation measures have limited the short-term downside risk, while the equity raise and its accelerated Roadmap for Growth initiatives have laid the financial and technological groundwork to capture demand as it begins to improve.

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Aug 6 2020, 07:20 IST/BST

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