Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

On The Beach will expand its international presence as Med recovers

Holiday group On The Beach PLC (LON:OTB) saw a 23% increase in revenue for the four months to January as demand for holidays in Egypt recovered. Customer looking for bargains at destinations in the Eastern Mediterranean drove strong bookings growth for summer 2018 departures
holiday
Customers are looking for bargains in the Eastern Mediterranean

Holiday group On The Beach PLC (LON:OTB) saw a 23% increase in revenue for the four months to January as demand for holidays in Egypt recovered.

Customers looking for bargains at destinations in the Eastern Mediterranean drove strong bookings growth for summer 2018 departures.

This was offsetting weakness in the market for late winter departures, said Simon Cooper, chief executive.

The collapse of budget airline Monarch led to significant seat price increases for winter departures, but additional seats have now become available from other airlines, diluting the effect.

Following the success of the international sites in Sweden and Norway, the group will launch its third international site in Denmark shortly, he added.

Shares were little changed 499p.

View full OTB profile View Profile

On the Beach Group Timeline

Related Articles

Oil pollution
July 02 2018
A name change might be in order if PCG pulls the trigger on two investments it is mulling
Festival crowd
August 20 2018
There could be a potential uplift of in both revenue and underlying earnings if the firm manages to capture a slice of the UK's 4mln festival-goers
ZoomAway Travel Inc embracing blockchain, which is set to push out middle man in hospitality and act
January 11 2018
The firm plans to begin rolling out cryptocurrency payments into its white label and registration management system (RMS) clients

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use