(AOF) – The Société des Bains de Mer (SBM) and its subsidiaries achieved a sharp increase in turnover during the first quarter compared to that of the same period of the past financial year. The consolidated turnover of the SBM group amounted to 207.8 million euros against 110.9 million euros previously, an increase of 96.9 million euros.
This achievement is also 18% higher than the turnover of the first quarter of the 2019/2020 financial year. The trend observed in the first quarter of the current financial year confirms the trend of business recovery observed in the 2021/2022 financial year.
The games sector recorded a turnover of 68.9 million euros for the past quarter against 45.1 million euros last year. Compared to the 2019/2020 financial year, activity is up by 12%.
Hotel turnover amounted to 104.6 million euros compared to 35.5 million euros for the same period of the previous financial year, up 15% compared to the same period of the financial year 2019/2020.
The rental sector, which includes the rental of shops and offices as well as the activities of the hotel residences of Sporting, Balmoral, Villas du Sporting and One Monte-Carlo, posted a turnover of 31.2 million euros compared to 28.6 million euros the previous year, an increase of 2.7 million euros.
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Out of the crisis for the cruise
The recovery is tangible in Europe. MSC Cruises, the leading European company, resumed operation of its entire fleet in June, i.e. 19 cruise ships – including 14 in the Mediterranean. Similarly, the Costa group, a subsidiary of the American cruise giant Carnival, should operate all of its liners (24 in number) by the end of the year. On the other hand, China remains on the sidelines of the general movement, due to its extremely restrictive health policy. The Cruise Lines International Association (CLIA) expects the industry to return to its 2019 record traffic of a total of 32 million cruise passengers by the end of 2023.