Hostelworld, the Dublin-based hostel booking company, said on Wednesday that its revenues for the first 18 weeks of the year have rebounded to 97 per cent of levels seen in 2019, before Covid-19 struck, as millennial and Gen-Z travellers return increasingly to backpacker trails.
The pace of growth in revenues has outstripped a rally in net bookings to 73 per cent of activity recorded for the same period in 2019.
That is because business so far this year has been skewed more towards higher-cost…