March 17，Budget accommodation OTA Hostelworld releases 2020 annual financial report。Financial report display，2020，Hostelworld bookings fell 79% year-on-year，Net income fell 81% to €15 188bet Live Casino。Average price per order is 9.33€，A considerable decrease compared to nearly 12 euros in 2019，This is mainly due to the impact of order cancellations and hotel room price reductions in all operating markets。

Past year，Hostelworld marketing costs reduced to €9 188bet Live Casino，Nearly double compared to 2019’s €33 188bet Live Casino。In addition，Earnings before interest, taxes, depreciation and amortization (EBITDA) was a loss of 17 188bet Live Casino euros，Achieved profit of 21 188bet Live Casino euros in the same period of 2019。

Financial report display，As of December 31, 2020，Hostelworld cash flow of €18 188bet Live Casino。June and July last year，The company raised a total of 15 188bet Live Casino euros，Also received a loan agreement of 30 188bet Live Casino euros last month，Balance sheet strengthened。

Hostelworld CEO Gary Morrison said，Past year，The company’s business has been greatly improved，I believe the company will be stronger after the epidemic。In the future, companies will continue to need opportunities to sell travel experience products，And connect more users by providing more social attributes。

Hostelworld also plans to speed up the development of Goki and Counter APPs，These two are Australian user management technology companies that the company invested in August 2019 and January 2020。

Hostelworld also stated，Backpackers Online, the company’s in-house property management system, is expected to be launched by the end of May。The company’s future goals include increasing inventory、Acquire or build core applications、Develop social tools and migrate products and services to the cloud。September 2019，Hostelworld announced a 3 188bet Live Casino euro investment in Zusu technology service provider Tipi。