Q3 turnover for the Year Ending 30 September 2013
Over the first nine months of the year, the Group's tourism turnover grew by almost 1%, in a general backdrop of lower tourist frequency rates in France.
In Q3 2012/2013, turnover from the tourism business was stable at EUR254.8 million, including EUR165.2m in accommodation turnover, compared with EUR166.3 million in Q3 2011/2012.
- Pierre & Vacances Tourisme Europe contributed EUR82.0 million in accommodation turnover, down 1.5% compared with the year-earlier period, mainly due to:
- A less advantageous school holiday schedule for the mountain locations (later spring holidays).
- A reduced offering at seaside locations (disposal of Camargue site especially). Turnover was also affected by particularly poor weather conditions during the period.In contrast, turnover from the city residences was higher.In all, adjusted for supply effects, turnover from the PVTE division was stable during Q3 2012/2013.
- Center Parcs Europe contributed EUR83.1 million, which was stable relative to the year-earlier period.Turnover growth generated by Belgian and French clients made up for the decline in turnover from German holidaymakers.
Labels: Pierre et Vacances