August 21, 2018 / 6:52 AM / 3 months ago

Hostelworld warns of stagnant bookings; appoints new CFO

Aug 21 (Reuters) - Online hostel booking platform Hostelworld Group expects full-year bookings to stagnate, it said on Tuesday, as the company appointed a new chief financial officer.

The company, which posted booking growth of 2 percent in the first half, said higher levels of competition in Europe, as well as the FIFA World Cup and an unusually warm weather, hurt bookings. (Reporting by Sangameswaran S in Bengaluru; Editing by Amrutha Gayathri)

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