(AOF) – Pierre & Vacances-Center Parcs announces an increase in turnover from its tourist activities of 11.9% in the third quarter over one year, to 428.7 million euros. The group confirms its financial forecasts for the 2022/2023 financial year, revised upwards on April 18, with revenue from tourism activities at more than 1.7 billion euros, Group adjusted EBITDA at more than 130 million euros, and operating cash flow generation of more than 50 million euros.
“The 3rd quarter of the financial year posted solid operational performances, confirming the rebound observed in the 1st half and the success of our strategic positioning towards local tourism and the upscaling of our offer”, declared Franck Gervais, Chief Executive Officer of Pierre & Vacances-Center Parcs. “The 4th quarter of the financial year is also expected to grow, despite a particularly dynamic summer of 2022. To date, we have already recorded reservations corresponding to more than 95% of the budgeted annual turnover”.
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World 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 strong 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 recorded notable increases in receipts, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.