The online travel agent said it remains “on track to achieve profitability for the year in line with the board’s expectations despite a number of negative external factors” in a trading statement to investors.
On the Beach said that events such as terrorist attacks in Turkey and France had affected bookings and demand throughout the Mediterranean this summer.
While the collapse of Lowcosttravelgroup earlier this month combined with the economic uncertainty and the weaker pound since the EU referendum had also affected consumer confidence.
On the Beach gaining ‘significant’ market share
Operators
Rob Gill
27 July 2016
On the Beach Group is set to hit its profit target this year, despite a weaker than expected ‘lates’ market.
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