As a result of the conflict in Ukraine, Hostelworld has become one of the most recent corporations to abandon its activities in Russia.
Booking.com, another Irish-founded hostel booking service, has joined the ranks of those sites that no longer accept reservations for rooms in Russia and Belarus, among other places.
“I can confirm that we are not accepting reservations for travel to Russia or Belarus.” “There are no longer any results when searching for certain nations,” a representative stated. “
The notice “Sorry, we were unable to locate anything that fits your search phrase” is shown when users try to look for items in cities such as Moscow or St Petersburg, respectively.
It has been verified by the spokesperson that Hostelworld does not have any employees stationed in Russia.
After its invasion of Ukraine, Russia has continued to see a large number of businesses leave the country. Travel and tourism to Russia have been severely hampered as a result of the withdrawal of accommodation booking providers and the restriction of Russian planes over EU airspace.
End of this month, Hostelworld will release its full-year results for fiscal year 2021, which will offer an insight into the company’s recovery from the Covid-19 epidemic. The firm, like many others in the travel and tourist industry, has been struck particularly hard in the previous two years, with travel coming to a grinding stop as a result of the Covid-19 outbreak.
The online travel agency recorded net sales of €2.9 million for the first six months of 2021, with a pre-tax loss of €20.6 million, according to its most recent statistics.
Towards the end of this month, Hostelworld will release its full-year financial results for fiscal year 2021, which will offer an insight into the company’s recovery from the Covid-19 epidemic. Many enterprises in the travel and tourist industry, including the corporation, have been affected particularly hard in the previous two years as a result of the Covid-19 pandemic, which has caused travel to come to a total standstill.
According to the most recent available data, the online travel agency made net sales of €2.9 million in the first six months of 2021, resulting in a pre-tax loss of €20.6 million for the period. The company is now seeking a buyer for its online travel agency.