We can get back to the notion that travel agents (including OTBeach) can include the fact that there is no 7 day cooling-off period in the terms and conditions.
But OTB's Terms of Business do make this clear as far as I an concerned. The section on on-line bookings spells out in soem detail that when making an on-line booking with them you are entering a legally binding contract and that any cancellations will incur charges in line with their T&Cs and/or those of the Principal that they make the booking with on your behalf. OK, they don't specifically say that there is no 7 day cooling off period but I think that they do make it clear that once you've booked, you've booked and that any cancellations will incur costs.
'Cooling-off periods' were introduced to protect consumers in situations where they might feel under pressure to make a rapid decision and in particular with regard to financial products or when cold-called by eg double glazing companies with so called unrepeatable offers but this doesn't apply to on-line purchases. There's no pushy, aggressive salesperson waving a contract under our noses and refusing to leave our home until they've done everything possible to try and get us to sign. We can just switch the computer off!
Unless a website states that there is '7 day cooling of period' then I think it's unreasonable for a customer of any business to assume that there is one. After all, does anybody book an Easyjet or Ryanair flight direct and think that they have 7 days in which to make their mind up as to whether they really want it or not? They don't specifically say that there is no 'cooling-off' period either but just like OTB they do make it clear that once you've given your card details and pressed the 'book now' button that's it you're committed and can't cancel without charge.
Let's be clear - lots of on-line retailers do let us change our minds and do the equivalent of taking the goods back to the shop but neither they nor any high street shop are obliged to let us do this for the majority of retail purchases. They are only obliged by law to do so if the goods are faulty or not fit for purpose - and the onus tends to be on us, the consumer to prove this. Deciding you no longer want the product is, on its own, not sufficient grounds for us to insist that they give us our money back.
SM