Hostelworld: shares rise on new investor stake
The hostel-focused online booking platform has experienced a hugely challenging period due to the pandemic. Here, we discuss its financial prospects, strategy and the chances of it delivering a successful turnaround. Or should investors simply stick with our high-flying Ultimate Stock? With a highly-regarded investor having recently joined the shareholder register it's looking more encouraging.
The travel & leisure sector has experienced arguably its most challenging trading conditions in living memory over the pandemic. Grounded flights and travel restrictions caused by containment measures in response to Covid-19 have caused demand for accommodation, including the hostels listed on Hostelworld’s (LON:HSW) popular online booking platform, to decline to extremely low levels.
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