Hostelworld provided revenue guidance for the year 2020 and 2021. The company expects net revenues this year to fall by 80% as it set out plans to raise money. Net bookings this year are expected to be 25% of what they were last year, rising to 65% in 2021. Net revenue this year, meanwhile, is expected to be 20% of what it was last year rising to 60% in 2021.