On the Beach has warned its full-year profits will likely come in below previous forecasts owing to the spread of the Covid-19 coronavirus in Europe.
Trade body AAC consulted its membership following the call for evidence in September
The OTA said the the increase in Covid-19 cases in Europe, “particularly the spread of the virus to Tenerife”, had hit summer 2020 travel demand.
In a trading update, issued on Friday (28 February), On the Beach said it had already experienced a “small but noticeable” reduction in demand.
“The reduction in demand has accelerated significantly following the increase in Covid-19 cases in Europe, particularly the spread of the virus to Tenerife,” said the OTA.
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