The OTA on Tuesday (5 December) confirmed its full-service tour operator Classic Collection Holidays’ operating loss more than tripled to £1.3 million in the year to 30 September, up from £400,000 last year.
Meanwhile, its lighter-weight, online-only Classic Package Holidays proposition made an operating profit of £100,000, up from a £300,000 loss during the same period last year.
According to On the Beach, this was due to the B2B market becoming more crowded with tour operators and low-cost carriers competing for high street agents’ and homeworkers’ attention.
