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Company watch: Bookings boost for Hostelworld but Ukraine war casts a shadow | Business Post

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Company watch: Bookings boost for Hostelworld but Ukraine war casts a shadow, ellied798 reports.

Gary Morrison, chief executive of Hostelworld: concerned about the fallout from the invasion of Ukraine. Picture: Fergal Phillips

Bookings at Hostelworld have recovered to around 80 per cent of pre-pandemic levels, but rising fuel prices caused by the Russian invasion of Ukraine could lead to a fall off later this year, its chief executive has said. In its annual results, the Dublin-headquartered online travel agent said it had experienced a “consistent recovery in weekly net bookings and revenues” in the 12 weeks to March 27.Subscribe from just €1 for the first month!

 

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