Upturn at Hostelworld

Online travel agent Hostelworld says that its post-pandemic recovery remains strong, according to a trading update from the Dublin-based group.

Net bookings in June have reached 80pc of levels recorded pre-pandemic in June 2019. Net revenue is 104pc of 2019 levels, which has been driven by higher average booking values.

Recovery in the first half of the year has also been seen across all destinations, according to the group. Southern Europe bookings have now exceeded 2019 levels, with momentum "slowly" returning in locations in Oceania and Asia, following very low levels of demand in January of this year. Booking demand in June for these destinations now stands at 43pc of 2019 levels. Long haul bookings have now reached 75pc of 2019 levels in June, with trips from North America to Europe above 2019 levels.

Last year, Hostelworld reported that net bookings totalled 1.5 million, which was 21pc of 2019 levels. The group will report its half year results for the six months ended 30 June 2022 on 10 August 2022.