Growth of 2.2% for the Pierre & Vacances - Center Parcs Group tourism businesses in Q1 2024/2025 on a high basis of comparison with the year-earlier period (+6% in Q1 2023/2024) and in a difficult market backdrop.
“Growth in the tourism businesses in Q1 2024/2025 followed the same trend as the previous quarter and confirmed the Group’s strong operating momentum. The customer satisfaction score increased across all brands, testifying to the quality of our offer and the dedication of our teams, reflecting a genuine service culture. ”
Under IFRS accounting, revenue for the first quarter of 2024/2025 totalled €372.5 million, compared with €368.5 million in Q1 2023/2024. The Group comments on its revenue and the associated financial indicators in compliance with its operational reporting (see “Economic revenue” below), which is more representative of its business, i.e. (i) with the presentation of joint ventures in proportional consolidation, and (ii) excluding the impact of IFRS16:
Revenue is also presented according to the following operating segments:
- Center Parcs covering operation of the Domains marketed under the Center Parcs, Sunparks and Villages Nature brands, and the building/renovation activities for tourism assets.
- Pierre & Vacances covering the tourism businesses operated in France and Spain under the Pierre & Vacances brand and the Asset Management business line2.
- maeva.com, a distribution and services platform, operating the maeva.com, Campings maeva, maeva Home, La France du Nord au Sud and Vacansoleil.
- Adagio, covering operation of the city residences leased by the Group and entrusted to the Adagio SAS joint venture under management mandates, as well as operation of the sites directly leased by the joint venture.
- an operating segment covering the Major Projects3 and Senioriales4 business lines.
- the Corporate operating segment housing primarily the holding company activities.
- Center Parcs: +0.5%: Accommodation revenue increased at the Domains located in BNG7 (+3.0%). In contrast, revenue at the French Domains was down temporarily (-4.2%) due to the complete closure for two months of the Domaine des Hauts de Bruyères, in line with the renovation programme. RevPar across all regions was up by 2.6%.
Last Minute, Meivakantie, Pasen, Pinksteren, Hemelvaart,
Zomervakantie, Herfstvakantie, Kerstvakantie, Voorjaarsvakantie,
