WorldStrides CEO Sees Robust Recovery After Tough Covid Year

WorldStrides Chief Executive Officer Bob Gogel said the student travel firm is well-positioned to emerge from a Covid-spurred slowdown and has no liquidity issues after emerging from bankruptcy in the fall.

The company is expecting a pick-up in trips starting in May and its 2022 pipeline is already higher than it was before the pandemic, Gogel said in a telephone interview Thursday. WorldStrides is working with Alvarez & Marsal’s investment banking arm to obtain a $40 million revolving credit facility for additional liquidity to pay vendors as its business begins to rebound, he said.

While a recovery in travel is ...