Q1 2016/2017 revenue from the tourism businesses stood at €241.2 million, up 4.6% (+3.9% same-structure) relative to Q1 2015/2016.
Accommodation revenue totalled €158.4 million, up 4.0% stemming primarily from a rise in net average letting rates (+3.7%).
Revenue from other tourism businesses rose by 5.8% and 3.8% on a same-structure basis. This growth concerned both Pierre & Vacances Tourisme Europe (+7.9% and +2.5% same-structure), with good performances from marketing mandates, and Center Parcs Europe (+4.6%).
Q1 2016/2017 property development revenue stood at €49.6 million, up 36% relative to Q1 2015/2016 and was mainly driven by the contribution from the extension to the Domaine des Trois Forêts in Moselle-Lorraine (€12.0 million), Villages Nature (€5.9 million) and the Senioriales residences (€14.5 million).
Property reservations booked in Q1 with individual investors were also higher, representing revenue of €91.8 million vs. € 81.7 million in the year-earlier period (i.e. +12%).
In view of the revenue booked in Q1 and reservations to date, the Group is currently expecting growth in tourism revenue in H1 2016/2017 relative to H1 2015/2016, excluding supply effects3 and adjusted for calendar effects4.
H1 2016/2017 property development revenue should be higher than the level seen in H1 2015/2016.
Bron en hele artikel: business wire