The weakening value of sterling and continued uncertainty around Brexit have seen package tour operator On the Beach issue a profit warning. In a statement to markets, the company said profits this ear would be “below the board’s expectations”.
On the Beach Group has reported revenue of £63.5 million for the six months ended March 31st, an increase of 41 per cent when compared to the same period last year. Group gross profit increased five per cent, to £47.5 million, while group adjusted profit before tax was up 14 per cent to £15.7 million.
On the Beach Group has announce that Richard Pennycook has been appointed as non-executive chair of the board. Taking up the role in April, he will also chair the nomination committee.
The tour operator said it had continued to perform well in the first four months of the financial year, seeing core UK revenue growth, after all marketing costs, of 20 per cent.
Having fine-tuned its core business, which has historically focused on short-haul holidays, the online travel agent will introduce medium to long-haul holidays, which will focus on Dubai and popular Arabian Gulf beach resorts such as Ras Al Khaimah.
The TV ad was shot in Majorca, one of the online travel agent’s most popular destinations, and the quirky character’s suit was made by Millennium FX, one of Europe’s leading suppliers of prosthetics, animatronics and makeup FX for film and television.
Classic Collection dynamically packages luxury beach holidays and sells its packages through a network of third party offline travel agencies - including independent high street agents and homeworkers.
On the Beach will open a brand new digital headquarters in Manchester in November, creating one of the city’s most exciting new office spaces with a campus style environment.
British holidaymakers will be able to plan, search and book their perfect beach holidays from the comfort of their own sofa, thanks to the new Apple TV app from beach holiday specialist On the Beach. This new holiday deals app for Apple TV from On the Beach gives travellers the ability to search by month of departure, departure airport or multiple departure airports before results are displayed.
Travelport, a leading provider of critical transaction processing solutions and data for the global travel industry, today announces a new agreement with On the Beach, one of the UK’s leading online travel agencies. The agreement is the first time On the Beach has signed a partnership with a GDS