Hostelworld Group plc has published an update its on trading up to 30 September 2022.
Key Highlights:
- GMV net of cancellations in September reached 116% of 2019 levels;
- net Bookings in September reached 83% of 2019 levels, driven by the continuing recovery of Asia and Oceania regions (now at 70% of 2019 levels, up from 43% in June);
- net revenue in September reached 104% of 2019 levels, reflecting the sustained growth in ABV and normalisation of cancellation rates throughout the year;