On The Beach Group (OTB)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

148.80p
   
  • Change Today:
    -0.40p
  • 52 Week High: 178.00
  • 52 Week Low: 82.80
  • Currency: UK Pounds
  • Shares Issued: 166.94m
  • Volume: 172,367
  • Market Cap: £248.40m

On the Beach, Ryanair sign long-term distribution agreement

By Michele Maatouk

Date: Tuesday 27 Feb 2024

LONDON (ShareCast) - (Sharecast News) - On the Beach said on Tuesday that it has signed a long-term distribution agreement with Ryanair, despite the latter having recently branded the online travel agent a "pirate" and accused it of marking up prices.
OTB said the agreement "represents a transformational shift" in its 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," it said.

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, and simplifies OTB operations.

OTB chief executive Shaun Morton 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 director of marketing, communications and digital, 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."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

OTB Market Data

Currency UK Pounds
Share Price 148.80p
Change Today -0.40p
% Change -0.27 %
52 Week High 178.00
52 Week Low 82.80
Volume 172,367
Shares Issued 166.94m
Market Cap £248.40m

OTB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.35% below the market average38.35% below the market average38.35% below the market average38.35% below the market average38.35% below the market average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average
Price Trend
51.44% above the market average51.44% above the market average51.44% above the market average51.44% above the market average51.44% above the market average
34.55% above the sector average34.55% above the sector average34.55% above the sector average34.55% above the sector average34.55% above the sector average
Income
70.96% below the market average70.96% below the market average70.96% below the market average70.96% below the market average70.96% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
94.47% above the market average94.47% above the market average94.47% above the market average94.47% above the market average94.47% above the market average
84.91% above the sector average84.91% above the sector average84.91% above the sector average84.91% above the sector average84.91% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 1
Sell 1
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OTB Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jan-20 30-May-19
Paid 13-Feb-20 28-Jun-19
Amount 2.00p 1.30p

Trades for 29-Apr-2024

Time Volume / Share Price
13:27 1 @ 148.40p
13:27 1 @ 148.40p
13:26 1 @ 148.40p
13:26 1 @ 148.40p
13:26 1 @ 148.40p

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