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Trading statements

Hostelworld maintains momentum

01 June 2017 08:58

Hostelworld's improved trading momentum which began in the latter part of 2016 has continued, shareholders at today's annual general meeting will be told.

Chairman Richard Segal will say: "Total group bookings year to date are ahead of the corresponding period last year across all regions, albeit with more moderate gains in European destinations.

"Overall average booking value is also higher than the corresponding period last year.

"Our continued execution of key strategic initiatives together with our highly cash generative business model positions the Group well to make further progress.

"While mindful that the key summer travel season is still ahead of us, we remain confident of meeting the Board's expectations for the full year."

At 8:58am: (LON:HSW) Hostelworld Group Plc share price was -14.12p at 346.13p

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