YHA have announced that eight of their youth hostels will close at the end of this year. The hostels in question are:
- Capel Curig
- Grasmere Thorney Howe
- River Dart
- Saffron Walden
These closures result from an in depth review of YHA’s financial position and future strategy carried out by the management team over recent months. The money required for essential repairs and refurbishment of these hostels could never be repaid by their likely levels of occupancy, hence the need to let them go. Sadly, this is unlikely to be the last set of closures in the next few years, as YHA seeks to batten down the hatches and see off the recession.
It’s not all bad news though:
The two major investment schemes for this year will be at YHA Castleton (Derbyshire), supported by funding from the Heritage Lottery Fund, and at YHA Oxford Street in London. In May YHA’s Board of Trustees will look at opportunities for further funding this year at popular small country hostels.
Expect interesting times ahead as the new strategy makes itself felt.