March 17，Budget accommodation OTA 188bet online sports betting Hostelworld releases 2020 annual financial report。Financial report display，2020，Hostelworld bookings fell 79% year-on-year，Net income fell 81% to €15 million。The average price per order is 9.33€，A significant decrease from 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，188bet online sports betting Hostelworld marketing costs reduced to €9 million，Nearly double compared to 2019’s €33 188bet online sports betting million。In addition，Earnings before interest, taxes, depreciation and amortization (EBITDA) was a loss of 17 million euros，Achieved profit of 21 million euros in the same period of 2019。

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

188bet online sports betting 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。

188bet online sports betting 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。

188bet online sports betting 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 has announced a 3 million euro investment in Zusu technology service provider Tipi。