ravellers have returned to the capital, UK and Europe as Hostelworld the booking partner for St Christopher’s short stay sites in Greenwich, Camden and Hammersmith and locations around the world said it is experiencing a return to business fueled by pent-up demand from customers.
In a trading update to the end of June, the company said bookings had reached 80% of their June 2019 level, with sales of 104% of that driven by higher-than-average booking rates.
†Overall, we see the recovery continuing in all destinations and demand segmentsthe group said.
Hostelworld voted Europe the most successful booking destination as backpackers regain their freedom following the easing of pandemic restrictions, with southern Europe including Greece and Italy surpassing expectations.
Gary Morrison, CEO of Hostelworld, said the company’s model had “captured pent-up customer demand as the travel market bounced back”s”.
“Despite macroeconomic uncertainties and recent disruptions to airline schedules, I am confident that we are well positioned to continue benefiting from the travel recovery as we enter our key seasonal summer trading period,” he added.
Hostelworld has 36,000 properties in 178 countries worldwide and listed on the London Stock Exchange†
The group’s share price rose 2% in early trading to 9,390 pence.