Half Year 2024 Hostelworld Group PLC Earnings Call Transcript

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Aug 08, 2024

Aug 08, 2024 / 08:00AM GMT
Gary Morrison - Hostelworld Group PLC - Chief Executive Officer, Executive Director

Good morning, everyone. My name is Gary Morrison. I'm delighted to host our 2024 interim results this morning. I'm joined by Caroline Sherry, our CFO. And just to note, we will be taking questions at the end of the presentation, but obviously, please feel free to submit those during the presentation, and we will collect and answer those at the end.

So if we turn to the next slide, please. These are the usual disclaimers. I will take these as read. Moving on to highlights, and indeed the following page. So I'm going to start today by discussing our financial results in the context of the customer trends that we've seen year over year, our social strategy performance, what we've done on OpEx and then finally what we have done with our operating cash flow this year.

So I'm going to anchor you in the top left-hand corner of 3.7 million net bookings, which is 9% greater than first half '23. And the first customer trend to highlight is a slight mix shift towards solo travelers. So net bookings from our solo

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