Targeted capital allocation has enabled On The Beach to expand its market share, despite the general cooling, writes Tom Dines. Adjusted pre-tax profits were up 14 per cent in the six months to March, on revenue growth of 41 per cent, but management warned that the “ongoing uncertainty” arising from Brexit meant trading in the background market was 10 per cent weaker in 2019. It also launched Classic Package Holidays, an online booking portal for travel agents to complement its growing business-to-business offering, which kicked off with the acquisition of Classic Collection Holidays last August.

Targeted capital allocation has enabled On The Beach to expand its market share, despite the general cooling, writes Tom Dines. Adjusted pre-tax profits were up 14 per cent in the six months to March, on revenue growth of 41 per cent, but management warned that the “ongoing uncertainty” arising from Brexit meant trading in the background market was 10 per cent weaker in 2019. It also launched Classic Package Holidays, an online booking portal for travel agents to complement its growing business-to-business offering, which kicked off with the acquisition of Classic Collection Holidays last August.