Company
On the Beach Group
LON@OTB:[TICKER]
We’re On the Beach and we’re proud to be one of the UK's leading online retailers of beach holidays. From humble beginnings in 2004 as a start-up business in a terraced house in Macclesfield, England, to our 2015 listing on the London Stock Exchange; we now send nearly one million happy customers away on their perfect beach holiday each year. With huge opportunities for growth, we’re on a long-term mission to become Europe’s leading online retailer of beach holidays, so our story’s only really just begun… Here at On the Beach we take pride in the fact that we are a market disruptor. We’re providing a significant structural challenge to legacy tour operators and travel agents as we continue our journey to disrupt the retailing of beach holidays with our scalable, flexible, innovative online technology, a strong customer value proposition and a low cost base. Our model is asset light and cash generative.
45 stories · page 2 of 3
On the Beach reports solid sales increase from pre-pandemic levels
The online travel agent said its full-year 2022 sales were up 16% on pre-pandemic levels in full-year 2019
On the Beach bookings recover to pre-pandemic level in first half
The UK-based travel retailer warned that it has yet to see the full impact of escalating living costs on bookings
On the Beach Group piles up cash as Brits start booking holidays
Cash levels topped £55mln at the end of last month, not including customer prepayments of around £40mln held in a ring-fenced account
On the Beach feeling the heat as demand for beach holidays collapses
On the Beach remains a hostage to fortune in terms of coronavirus travel restrictions
On the Beach sees continued subdued trading after slumping to loss
The pace of recovery will depend on how consumers respond to the lifting of restrictions
On the Beach downgraded to ‘neutral’ by Citi as trading forecast to be subdued until 2022
Trading is expected to normalise only in the year to September 2022
On the Beach awaits cash from airlines as 90% of holidays cancelled
“It is clear now that the full impact of Covid-19 will be every bit as extreme as any of us could have mapped out at the beginning of the year,” said boss Simon Cooper
On the Beach reports half-year loss but growing demand in recent weeks
Booking volumes for next summer are much higher than usual due to the early release of flights for next year by most major airlines
Archive
FTSE 100 loses ground on Tuesday as big oil weighs
Footsie closed down around 56 points, or 0.90%, at 6,169 on the day
On The Beach Group on the way back on Tuesday?
Also on Tuesday, there will be Nationwide house price data and confirmation of Britain's decline in GDP in the first quarter of the year
On The Beach raises £67mln to strengthen balance sheet as coronavirus hits travel sector
The holiday firm added that due to booking cancellations and refunds, it expects to take a £35mln charge in its first half
On The Beach says it is resilient amid travel industry slump caused by coronavirus
The online travel agent is now spending less than £2mln each month
On The Beach target price slashed by house broker Peel Hunt over coronavirus woes
The travel agent warned on profits last week as the sector in Europe is being crushed
On The Beach warns of “significant” drop in European holiday demand
A small reduction in deman seen in early February has “accelerated significantly” since reports of the increase in cases of the virus around Europe since last week