On the Seaside reviews weak buying and selling forward of summer season | Information

On the Beach reports weak trading ahead of summer | News

On the Seaside Group has mentioned shopper demand stays “very weak” following a collection of disruptions owing to Covid-19.

Forward of its annual common assembly in the present day, the corporate mentioned UK internet visitors, bookings and spend on on-line advertising exercise throughout the primary 4 months of the monetary yr down 73 per cent, 83 per cent and 85 per cent respectively.

Because of the four-week lockdown in November and the following UK-wide lockdown that commenced in early January 2021, mixed with additional reductions in winter flying programmes, shopper demand for ahead holidays has remained very weak,” defined a press release.

The corporate mentioned it was responding to the most recent journey restrictions by taking holidays off-sale that depart previous to Could.

Simon Cooper, chief government of On the Seaside Group, commented: “The primary 4 months of our monetary yr have seen differing tiering ranges throughout the UK, adopted by the present nationwide lockdown and ban on worldwide leisure journey.

“Clearly this has and continues to impression reserving volumes and the Board believes that reserving volumes will stay weak by way of half one and into half two.

“Following the prudent actions undertaken within the final monetary yr, the group stays in a robust and debt-free monetary place.”

On the Seaside mentioned it had £93 million readily available on the finish of final month.

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