On the Beach Group (LSE:OTB) PLC, the online travel agent, has said its full-year 2022 sales were up 16% on pre-pandemic levels in full-year 2019.
In a trading update for the 12 months to 30 September 2022, it also noted that second-half sales were 25% higher than the H2 2019 pre-pandemic figures despite ongoing disruption in the travel industry, including from the war in Ukraine.
Improved access to a broader hotel portfolio also saw the groups’ five-star holiday sales jump by 83% compared to 2019.
After continued strategic investment in brand, technology and customer proposition, the group said it ended the year in the best possible position as it moved into 2023.
In a statement, On the Beach CEO, Simon Cooper commented: "I am pleased with the Group's performance in what was another disrupted and unpredictable year.”
“I am also confident that we will take market share in the Group's core 3* holiday product in FY23. The strength of the Group's balance sheet ensures we are well placed to deliver further strategic progress in FY23."
On the Beach Group (LSE:OTB) said it will release its preliminary results on 8 December 2022.