Dublin-based hostel booking company Hostelworld said net bookings continued to recover and revenue surpassed 2019 levels as cancellation rates normalised.
In a trading update for the period ended September 30th, 2022, the group said it had seen “significant improvements” in key financial metrics and performance indicators since reporting its first-half results.
Gross merchandise value, or the value of sales, net of cancellations in September was 116 per cent levels recorded in 2019, while…