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May 11 2023, 07:05 IST/BST
Hostelworld (HSW) provided an unequivocally positive update this week. Strategic execution has driven trading, and both volume and price have surprised on the upside. Similarly, marketing costs have been at the lower end of expectations; increased guidance to both revenue and aEBITDA reflects the positive performance. Further, operational execution has been equally strong, with the HPS loan facility having been refinanced on much improved terms, crystallising meaningful upgrades to our forecasts.
May 11 2023, 07:05 IST/BST