Dublin-based accommodation platform Hostelworld is having a strong 2022, according to a statement from Hostelworld chairman Michael Cawley that was published on HostelWorldGroup.com ahead of the company’s AGM.
Details
Cawley said in the statement, “The management team and I are pleased to report that the strong start experienced in the first 12 weeks of 2022 has continued through April and into early May. In particular, in Week 18, net bookings reached 73% of 2019 levels and, due to higher booking values, revenue reached 97%.
“Overall, we are seeing the recovery continue across all destinations and demand segments. In particular, booking demand into Europe – our largest destination in 2019 – has almost fully recovered to 2019 levels, with some markets exceeding 100%. We also see booking momentum returning in Oceania and Asian destinations, as markets reopen for international travel, albeit more slowly. Finally, long-haul bookings have now reached 70% of 2019, with trips from the US and Canada into European destinations at 2019 levels.
“We are very confident in our business model, and in our proven capability to capture the pent-up customer demand to travel, to share experiences, and to Meet the World®. The performance to date has been stronger than we had initially expected, and we are well geared to the travel recovery. Despite a number of external factors, including inflationary pressures and the ongoing conflict in Ukraine, we anticipate this strong recovery trajectory to continue.”
AGM Results
Additionally, according to a separate, subsequent statement published on HostelWorldGroup.com, all of the resolutions that were proposed at its AGM were duly passed on a poll.
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