Hostelworld

Tracking slightly ahead of base case scenario

  • Sectors : Travel IT Services
  • Companies : Hostelworld

Ratings and price correct at time of issue.

  • Hostelworld

    Closing Price: 62.9p

  • RATING 15/12/15

  • PREVIOUS RATING N/A

DAVY VIEW

With the building blocks – financial and platform related – being put in place to facilitate a return to medium-term growth, we are encouraged that Hostelworld is tracking slightly ahead of its base case scenario (bookings at 25%/65% of 2019 levels in 2020/2021). Additionally, the tight correlation between travel restrictions and improving demand implies pent-up demand.

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Aug 12 2020, 07:15 IST/BST

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