Hostelworld Group Plc provided earnings guidance for the year ending 31 December 2018. EBITDA for the full year to 31 December 2018 is expected to be in line with the Board's expectations. As communicated at the time of the company's interim results in August 2018, growth in Group like-for-like gross bookings is likely to be flat for the full year, given the expected declines in supporting brands. Continued effective management of cost base, combined with strong ABV, is helping to offset the impact of flat bookings. The company continue to see strong underlying cash conversion in 2018. The rollout of free cancellation product has started well and cancellation rates are performing in line with expectations. The initiatives identified as part of the strategic review will require additional investment during 2019, with growth in bookings expected to be seen in 2020. However, the Board expects the business to return to modest EDITDA growth in 2019.