CENTER PARCS REACH £70.5M PROFIT

Holiday Park Innovation Show blog post 1

Center Parcs have made an impressive £70.5 million pre-tax profit this year thanks to maintaining an average annual occupancy rate of 97% across its five holiday villages, attracting over 2.2 million holidaymakers every year.

The overall revenue of the resort giant grew by £20 million compared to its previous year - totalling a staggering £440 million on its latest financial year this April.

Profits have soared even after suffering a pre-tax loss of £6 million due to one-off financing costs - according to their annual accounts.

Following their success in the UK holiday park industry, Center Parcs is set to open its first resort in Ireland in 2019. The holiday village, named Longford Forest, will be situated near Ballymahon in County Longford and will have the capacity to welcome 2’500 guests. 

As well as creating temporary jobs during its construction, 1’000 staff will be employed to cater for the everyday needs of the guests once the village opens to the public.

Source: Travel Weekly  Image: The Irish Times