Holiday firm director quits
ONLINE holiday company On the Beach is on the search for a new chairman and a non-executive director.
The news comes after former chair Lee Ginsberg abruptly resigned as a non-executive director.
Mr Ginsberg’s exit from the board ‘to focus on other time commitments’ comes less than three months after he stepped down as chairman of the online travel agent.
At the time, On the Beach said that he would remain a non-executive director.
The search that is currently underway for a new chairman will now be widened to include an additional nonexecutive director. Updating the market yesterday, the group said it was pleased with its recent performance.
On the Beach said it was experiencing ‘strong mobile traffic and conversion growth, strong branded share and repeat purchase supported by incremental offline marketing activity and an increasingly efficient online marketing spend.’
The group said it was also making good progress directly sourcing hotels and driving an increasing proportion of sales into its top selling and exclusive hotel product.
It will also add further longer haul destinations, scheduled carriers and long haul hotels throughout the rest of this financial year.
In November last year, the group also completed its move to a new digital HQ in Manchester city centre together with the expansion of its operational HQ in Cheadle, Stockport.
CEO Simon Cooper said: “The first four months of the new financial year has delivered another solid period of growth for the group.
“Our strategy of investing in our brands, talent and technology to drive growth has delivered performance in line with the board’s expectations, with both new and repeat customers attracted to our wide range of value for money beach holidays.
“Whilst we remain cautious of the consumer environment in the period immediately prior to the 29th of March, the board remains confident in the group’s outlook and will continue to evaluate opportunities to enhance its market share position.”