REG - On the Beach Group - Partnership with Ryanair

On Beach groupAnnouncement

27/02/2024 07:00

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RNS Number : 5207E  On the Beach Group PLC  27 February 2024

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                  via FTI Consulting

 Shaun Morton, Chief Executive Officer

 Jon Wormald, Chief Financial Officer

 FTI Consulting                          Tel: +44 (0)20 3727 1000

 Alex Beagley                            onthebeach@fticonsulting.com

 Fiona Walker

 Harriet Jackson

 Hannah Butler

 

 

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 (http://www.onthebeachgroupplc.com/)

 

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