HomeNewsHostelworld Sees Strong European Bookings Aid Recovery

Hostelworld Sees Strong European Bookings Aid Recovery

Irish company Hostelworld, based in Dublin has seen further recovery post-pandemic shutdowns, with increased bookings and revenue in June.

Net revenue was 104% of June 2019 levels and bookings throughout June reached 80% of pre-pandemic levels.

Hostelworld said it was seeing recovery across all destinations, particularly in Europe, with Southern Europe remaining their top market and exceeding 2019 levels.

Long haul bookings have reached 75% of 2019 levels in June, the company said, with trips from Canada and the US into European destinations above 2019 levels.

It said booking momentum is slowly returning in Oceania and Asian destinations from a low level in January, with booking demand in June at 43% of 2019 levels.

“I am encouraged by the positive indicators we report today across all of our key market segments which demonstrate the ability of our business model to capture pent-up customer demand as the travel market returns,” said Gary Morrison, Group Chief Executive Officer at Hostelworld.

The group will report its half-year results for the six months ended 30 June 2022 on 10 August 2022.

Emer Roche
Emer Roche
Emer has over 10 years experience working for Irish magazines, supplements, websites and creative agencies. She’s written features for U Magazine, Image Magazine and theheyday.ie, across a range of subjects such as women’s interest, travel, culture, news and interviews. She also has a portfolio of commercial writing for creative agencies, such as RTE.ie and Originate Creative. Emer is a Dublin native with part of her heart in Ardmore, County Waterford. She lives in Dublin 7 with her husband, two kids, dog and cat.


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