Gary Morrison, chief executive of Hostelworld: unsurprised by the speed of the recovery. Picture: Fergal Phillips
Analysts at stockbrokers Davy expect to adjust their 2022 earnings forecast for Hostelworld to closer to break-even following a positive update from the online travel group. The analysts had previously expected the firm to report an earnings before interest, taxation, depreciation and amortisation loss of €3 million for this year.
Last week, Hostelworld said it is seeing a recovery in travel “across all destinations and demand segments”. Booking demand into Europe, the company’s largest destination...
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