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On the Beach suspends profit forecast due to declining bookings in Middle East and Mediterranean regions amid regional conflict.
On the Beach has suspended its full-year profit forecast due to a sharp decline in bookings to Middle Eastern and Mediterranean destinations like Turkey, Greece, and Egypt, linked to escalating regional conflict. The company cited reduced consumer confidence and travel demand despite minimal direct exposure to conflict zones. Although bookings for 2026 are up 10% and repeat customers are rising, the ongoing instability has disrupted travel plans, leading to an 11% drop in shares. The firm continues to support affected customers and has seen growth in city destination bookings and app usage.
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