We have taken swift action to protect the business and improve the core platform to position the business well for when demand returns. Given the prolonged nature of the restrictions, we are now actively assessing ways to strengthen our balance sheet." Mr Morrison added that both he and the board remain confident that the group's "enhanced service offering, and competitive positioning will provide a strong platform to deliver growth when normal travel patterns resume, delivering long-term future upside for our shareholders." Hostelworld says it has continued to release significant enhancements to strengthen its core platform to enhance its service offering and competitiveness when normal travel patterns resume.