Second quarter 2020/2021 revenue from the tourism activities stood at €62.3 million, down 76.6% relative to the second quarter of 2019/2020, due to the closure of virtually all of the Group’s sites over the quarter:
- Revenue at Center Parcs Europe was down 84.1%, with virtually zero activity at the German and French domains (all closed except for the Domaine du Bois aux Daims as of 1 March, but with limited activities) and reduced services (no Aquamundo, or indoor and catering activities) for the Belgian and Dutch domains.
- Pierre & Vacances Tourisme Europe was penalised by the closure of ski-lifts at mountain resorts with just half of the residences open as of mid-February, with an occupancy rate of 20-30% during the school holidays, resulting in accommodation revenue down 87.3% over the quarter as a whole.
- Adagio incurred a decline of 59.3% in revenue due to a lack of business and international customers and the closure of a third of its aparthotels.
Over H1 2020/2021, revenue from the tourism businesses stood at €165.0 million, down 69.9% (after a first quarter down 63.6%).Business Wire