Five to buy
On The Beach
Investors’ Chronicle Online travel agent On The Beach (OTB) has navigated a tricky pandemic period.
It had to raise £26m in July 2021 to refund customers for cancelled flights after initially saying it wouldn’t, and it is still paying back a loan to the German government. However, consumers are keen to go on holiday again, despite the cost-of-living crisis, and OTB – traditionally considered a “value” retailer – is increasingly going upmarket. Sales of five-star holidays on its platform rose by
