Holiday firm cautious over cost of living crisis impact

ON THE Beach has said it is 'yet to see the full impact of the escalating costs of living on bookings' but that it is still confident for the second half of its financial year.

- JON ROBINSON

The Manchester-headquartered company has confirmed its revenue for the six months to March 31, 2022, totalled £52.9m, up from the £4.4m it posted for the same period in the prior year.

Its pre-tax losses were also slashed from £21.6m to £7m over the same time.

In a statement issued to the London Stock Exchange, On The Beach said its group revenue had increased following the widespread relaxation of restrictions for travel from the UK to most European holiday destinations in January this year.