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Hostelworld Group PLC - London-based hostel-focused online booking platform - Travel demand stayed muted in fourth quarter of 2020 and Hostelworld reports average net booking value decline amid "bed price deflation". Says bookings in 2020 in line with guidance between 20% and 22% of 2019. Hostelworld says that while vaccine news is positive, outlook remains uncertain so it will explore funding options. "While we continue to actively assess our cost base, the board has considered our future funding requirements and is actively evaluating both debt and equity options, to secure the group's long-term financial position," company adds.
Current stock price: 77.90 pence
Year-to-date change: down 0.8%
By Eric Cunha; ericcunha@alliancenews.com
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