Four things struck us from the well-attended Capital Markets Day yesterday (November 23rd). One, a calm and confident senior management team presented well. Two, the team has listened to investor ‘asks’ and delivered. Three, Hostelworld (HSW) is increasingly a product-centric business and that bodes well for sustaining revenue growth. Four, whilst uncertainties persist, the outlook seems prudent and should enable HSW to ‘under promise and over deliver’.
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