Fourth Year in a Row of Growth in Tourism Revenue for the Pierre & Vacances-Center Parcs Group
Tourism revenue1 up 3.7% over one year, of which +1.6% in Q4,
Confirmation of EBITDA guidance2 for 2023/2024
The Group recorded a fourth year in a row of growth over the summer season with an increase of 1.6% in its tourism businesses, even though the summer of 2023 provided a demanding comparison base (+6% relative to 2022), and despite the combination of several disruptive factors in France (bad weather, unstable political situation, pre-Olympic Games effects etc.) and weak sector momentum.
Over 2023/2024 as a whole, Group revenue totalled €1.9 billion, of which €1.8 billion for the tourism brands, up 3.7%, with growth in on-site activities still higher than growth in accommodation revenue, thereby validating our strategy to roll out an increasingly rich and popular range of customer experiences.
The Group is due to report full-year results on 4 December 2024, confirming adjusted3 EBITDA above or equal to €170 million (or €160 million excluding the impact of non-recurring income4), a sharp increase on the previous year (€137 million).
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- Center Parcs: +1.2%
Growth in revenue was driven by an increase in average letting rates (+3.8%) and benefited from the domains located in BNG14 (+1.2%, of which +2.4% in Belgium, +1.9% in Germany and +0.1% in the Netherlands), with the French domains penalised by temporary external factors (bad weather, Olympic Games effects, electoral calendar, etc.).
RevPar across all regions was up by 1%.
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Bron en hele artikel: Business Wire
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