UK's Safestay tumbles on weak forward bookings

Safestay

25/09/2026 08:22

** Shares of hostel operator Safestay SSTY.L fall 20% to 10p
** Company says current trading environment remains challenging with forward bookings currently lower y-o-y
** Forward bookings on like-for-like basis stand at £3.7 mln ($4.89 mln) as at September 22, down 21% y-o-y, reflecting a weaker consumer environment and tourist levies in certain markets
** Adjusted core profit for H1 drops 71.4% to £0.6 mln from £2.1 mln a year ago
** YTD, SSTY down about 25.4% 
($1 = 0.7565 pounds)

 (Reporting by Anushka Chourasia in Bengaluru)
 ((Anushka.Chourasia@thomsonreuters.com))