On the Seaside Group has stated that shopper demand stays “very weak” after a collection of disruptions as a consequence of Covid-19.
Forward of its annual common assembly as we speak, the corporate stated that UK net visitors, bookings and spending on on-line advertising and marketing exercise for the primary 4 months of the monetary yr decreased by 73%, 83% and 85%. , respectively.
On account of the four-week lockdown in November and the next UK-wide lockdown that started in early January 2021, mixed with additional reductions in winter flight schedules, shopper demand for future holidays has been sustained. very weak, “defined a press release.
The corporate stated it was responding to the most recent journey restrictions by taking off-sale holidays that come out earlier than Could.
Simon Cooper, Chief Govt Officer of On the Seaside Group, commented: “The primary 4 months of our monetary yr have seen completely different ranking ranges throughout the UK, adopted by the present nationwide lockdown and worldwide leisure journey ban.
“Clearly, this has impacted and continues to impression reserve volumes and the Board believes that reserve volumes will stay weak to half of 1 and to half of two.
“After the prudent actions undertaken within the final monetary yr, the group stays in a strong monetary place and debt free.”
On the Seaside stated it had £ 93 million out there on the finish of final month.