LONDON (ShareCast) - (Sharecast News) - Shares in On the Beach Group shone on Friday, after the online holiday retailer reported a strong start to the year.
The firm said that despite its first quarter historically being its quietest trading period, total transaction value (TTV) for the three months to December was ahead of the same period a year earlier. It also started the current financial year with a "healthier" overall forward order book than the previous year.

Bookings since Christmas, meanwhile, its key booking period, had "materially increased", with TTV in the year to day now ahead 68% year-on-year.

Simon Cooper, chief executive, said: "It's been pleasing to see the key trends we observed throughout the 2022 full year continue into the 2023 full year, especially into our key booking period.

"We are significantly increasing investment in our brand, technology and customer proposition to capitalise on this momentum and grow our market share."

As at 0900 GMT, shares in On the Beach where ahead 7% at 187.6p.

TTV is the total transaction value of holidays sold during the period before cancellations and amendments.

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