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Cook collapse: On the Beach aiming to ‘significantly increase market share’

City and finance
Jennifer Morris
22 October 2019

On the Beach has reported an “unprecedented opportunity to take more market share” and at an increased rate following the collapse of Thomas Cook.

Simon Cooper said carriers hold a “crazy” amount of power over consumers due to a lack of competition on certain routes

The OTA released a trading update for the 12 months to 30 September this morning (22 October) ahead of announcing its preliminary results on 27 November.

“Trading has remained in line with management’s revised expectations for the full year,” said the company in a statement.

“The compulsory liquidation of Thomas Cook Group has had a significant impact on the package travel industry.

“For On the Beach, this has created an unprecedented opportunity to take additional market share at an increased rate.