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Three Quick Facts: Hostelworld, Time Out and Trainline

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Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Bookings for Hostelworld flat year on year, momentum positive

Online Travel Agents Hostelworld LON:HSW have published preliminary results today for the year ending 31st December. Booking numbers were in line with 2020 as a result of COVID, but that still remains down 79% from the 2019. EUR7 million worth of operating costs have been removed, although cost per net booking still rose from EUR5.20 to EUR8.77. The company does however have sufficient cash on hand to ride this out and noted a consistent uptick in both new bookings and revenues as the year progressed.

#2. Time Out losses decline as global tourism reopens

Half year numbers from Time Out LON:TMO covering the six months to 31st December are also out today. The publisher is enjoying something of a resurgence as normality returns whilst Omicron recedes. Gross revenues are up by 141%, gross profits have more than doubled and the loss decreased to £8.5m from £14.9m in the comparable period. The company is optimistic that this momentum can be carried forward as international tourism recovers.

#3. Change in Trainline commission structures signalled

There’s a short note out from Trainline LON:TRN this morning. It relates to the potential for the UK Rail Delivery Group to cut the base commission it pays to Trainline from April 2025, although that comes with a parallel reduction in costs which are passed on to the company. There’s not too much detail, but given the changing shape of the railway business in the UK, there has been concern that the government could end up funding a direct competitor here. Today’s commitment may go a little way to offsetting that, but the share price reaction will be worth watching.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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