Hostels operator Safestay (LON: SSTY) made substantial progress in 2019 and it was set to reap the benefits this year before the COVID-1 lockdown across Europe.
Safestay will have to change some of the things it has done in the past to adapt to different conditions after the lockdown. For example, rooms of four beds will only be rented to parties that come together and will not be shared with strangers. Cleaning regimes have been upgraded.
It will take a long time to rebuild capacity utilisation and full utilisation will not be possible.
There are plans to reopen hostels on a staggere...
