Hostelworld Group PLC on Wednesday reported significant revenue growth and a narrowed loss as it continues to see an increase net bookings, following a recovery in demand.
For the six months ending June 30, the Dublin, Ireland-based online travel agent reported its revenue multiplied to €28.0 million from €2.9 million a year before. This was due to a surge in demand as travel restrictions eased.
Hostelworld’s pretax loss narrowed to €14.3 million from €20.3 million a year prior,…