(AOF) – In the 1st quarter of 2023/2024, the Pierre & Vacances-Center Parcs Group recorded turnover from tourist activities up almost 6% compared to the 1st quarter of 2022/2023, at 363.7 million euros, in the wake of the growth recorded during the summer season. The group specifies that the reservations received to date are in progress compared to the previous financial year, and already represent nearly 85% of the budgeted objective for the first half of the year and almost half of the budgeted objective for the whole of the 2023/2024 financial year.
Accommodation turnover amounted to 287.2 million euros in the first quarter, up 5.4% year-on-year after an increase of 4.8% recorded during the summer season.
The group’s total turnover increased by only 0.9% to 394.1 million euros.
Taking into account the reservations to date for the second quarter of the 2023/2024 financial year, the group currently anticipates continued growth in activity compared to the second quarter of 2022/2023, across all brands.
The portfolio of reservations collected to date, up compared to that of the previous financial year, reached almost 85% of the budgeted objective for the first half (i.e. a little more than 40% of annual activity) and almost half of the budgeted objective for the entire 2023/2024 financial year, allowing the group to approach 2024 with confidence.
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Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.