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On the Beach Group plc (LSE: OTB.L), the UK s leading online retailer for beach holidays, today issues the following trading update for the four months to 31 January 2021, in advance of its Annual General Meeting to be held today.
As a result of the four week lockdown in November and the subsequent UK-wide lockdown that commenced in early January 2021, combined with further reductions in winter flying programmes, consumer demand for forward holidays has remained very weak with UK traffic, bookings and spend on online marketing activity across the first four months of the financial year down 73%, 83% and 85% respectively. The Group has responded prudently to the latest travel restrictions by taking holidays off-sale that depart prior to 1 May 2021. We expect booking demand to remain weak until these restrictions are lifted and vaccine deployment is more widespread, both in the UK and ....