Q2 2017/2018: Revenue from the tourism activities rose 10.7% to €322.8 million compared with Q2 of the previous year.
Accommodation revenue totalled €195.5 million, up +3.8% like-for-like (i.e. excluding the impact of supply effects and the shift in the school holidays), ahead of the 2.2% growth reported in Q1.
In H1 2017/2018:
Revenue from the tourism businesses totalled €570.1 million, up 7% relative to H1 2016/2017.
Accommodation turnover totalled €357.1 million, up +3% like-for-like, with growth in revenue at all the destinations: almost +8% for city residences, +2% for seaside and mountain destinations and +2% for the Center Parcs Domains.
Revenue from the other tourism businesses grew by almost 8%, with a rise of 10% for Pierre & Vacances Tourisme Europe, driven by the development of maeva.com, and +5% for Center Parcs Europe1.
With Q2 revenue in line with the expected phasing of programmes, property development revenue stood at €84.8 million in H1 2017/2018, compared with €81.9 million in H1 2016/2017, driven primarily by the contribution from the Pierre & Vacances premium residence in Deauville (€13.1million), Villages Nature Paris (€11.1 million) and the Seniorales residences (€38.3 million).
Property reservations registered with individual investors in H1 represented business volumes of €164.5m, ahead of the level recorded during the first half of the previous year (€154.9 million).
1 including Villages Nature Paris
Bron: Business wire