27
February 2024
On the Beach Group
plc
("On the
Beach" or the "Group")
Partnership with
Ryanair
On the Beach Group plc (LSE: OTB.L)
is delighted to announce that it has signed a long-term
distribution agreement with Ryanair Holdings
("Ryanair").
The agreement represents a
transformational shift in OTB's relationship with its most
significant low cost carrier. It enables OTB customers to
seamlessly access Ryanair's low fare flights as part of their
holiday packages with full price transparency, whilst continuing to
benefit from OTB's flexible payment plans, customer perks
(including free lounge and fast track), and ATOL protection. In
summary, the agreement:
- secures OTB free and
fair access to Ryanair seat supply;
- facilitates a smoother
customer journey when booking Ryanair flights as part of an OTB
package;
- simplifies OTB
operations while enabling greater focus on areas of strategic
value; and
- enables the parties to
move on from the outstanding litigation and focus efforts on
building the partnership
Shaun Morton, CEO of On the Beach Group plc
said:
"We are excited to have entered into
this transformational partnership with Ryanair. This will improve
the booking and travel experience for our customers selecting
Ryanair flights, while ensuring we can continue to provide
customers with best value package holidays. We will continue our
campaign to safeguard consumer choice in the travel sector and the
signing of this agreement marks a significant milestone in On the
Beach's journey, as we strive to do the best for our customers.
Importantly, this agreement enables both parties to move on from
outstanding litigation and we look forward to working closely with
our new partner."
Ryanair's Dara Brady said:
"Ryanair is pleased to announce our
latest partnership with leading OTA, On the Beach. This new deal
will see Ryanair partner with its fourth approved OTA partner. On
the Beach customers can now book Ryanair flights, seats, and bags
as part of their holiday package with the guarantee that they will
have full price transparency of Ryanair products (without any
overcharges), and that they will receive any information regarding
their flight directly from Ryanair as well as having direct access
to their booking through their myRyanair account."
This announcement contains inside
information within the meaning of the Market Abuse Regulation. The
person responsible for arranging release of this announcement on
behalf of the Company is the Company Secretary.
ENDS
For
further information:
On
the Beach Group plc
Shaun Morton, Chief Executive
Officer
Jon Wormald, Chief Financial
Officer
|
via
FTI Consulting
|
FTI
Consulting
Alex Beagley
Fiona Walker
Harriet Jackson
Hannah Butler
|
Tel:
+44 (0)20 3727 1000
onthebeach@fticonsulting.com
|
About On the Beach
On the Beach Group plc is one of the
UK's largest online beach holidays retailers, with significant
opportunities for growth. Its innovative technology, low-cost base
and strong customer-value proposition provides a structural
challenge to legacy tour operators and online travel agents, as it
continues disrupting the online retail of beach holidays. Its model
is customer-centric, asset light, profitable and cash
generative.
Cautionary statement
This announcement may contain
certain forward-looking statements with respect to the financial
condition, results, operations and businesses of the Group. Forward
looking statements are sometimes, but not always, identified by
their use of a date in the future or such words as 'anticipates',
'aims', 'due', 'will', 'could', 'may', 'should', 'expects',
'believes', 'intends', 'plans', 'targets', 'goal' or 'estimates'.
These forward-looking statements involve risk and uncertainty
because they relate to events and depend on circumstances that may
or may not occur in the future. There are a number of factors that
could cause actual results or developments to differ materially
from those expressed or implied by these forward-looking
statements, including factors outside the Group's control. The
forward-looking statements reflect the knowledge and information
available at the date of preparation of this announcement and will
not be updated during the year.
www.onthebeachgroupplc.com