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Hostelworld Group PLC - online booking platform focused on the hostel market - Says booking volumes were weak throughout the first quarter, with continued lockdowns and travel restrictions impacting demand. Says domestic booking volumes are recovering, particularly in North and Central American markets.
"We continue to expect the pace of recovery to be driven by changes in travel guidance in individual markets, which we hope to see accelerate as vaccination programmes are rolled out across our key geographies. In light of the continued market uncertainties, the group's full year guidance for [the 2021 financial year] remains suspended," says company.
Current stock price: 102.20 pence, up 3.2% on Monday afternoon
Year-to-date change: up 30%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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