Online travel agent Hostelworld (LON: HSW) recovered strongly in the first half of 2022 and bookings are getting back to pre-Covid levels. Hostelworld is moving towards sustained profitability and the profit will rise rapidly once the group passes breakeven.
In the six months to June 2022, revenues were €28m and the reported pre-tax loss was €14.7m. The comparatives are relatively meaningless because of the Covid restrictions in force during the first half of 2021. All regions are…