Center Parcs reveals plans open new £400m UK holiday village Business Center Parcs has revealed plans to open its first holiday village in Scotland in an investment worth up to £400m which would create around 1,200 jobs. The group has earmarked a site in the Scottish Borders, approximately three miles north of Hawick and 55 miles south of Edinburgh. Center Parcs said the plans are at [...]
Butlin’s: Price changes fail to stop holiday resort chain entering the red Business Holiday resort chain Butlin’s entered the red in the year after it was sold for £300m despite changing its pricing strategy, it has been revealed. The company has posted a pre-tax loss of £24.4m for 2023, according to newly-filed accounts with Companies House. The loss comes after the business, which runs sites in Bognor Regis, [...]
Booking.com: Wages and bonuses surge as UK sales jump Business Wages and bonuses surged at the UK arm of Booking.com as its turnover jumped by £50m during its latest financial year. The division’s wage bill jumped from £20.7m to £32.2m in 2023 because of a surge in salaries and bonuses handed out to top staff. The increase comes as its headcount grew to almost 300 [...]
Parkdean Resorts suffers £100m slump as post-pandemic holiday competition heats up October 1, 2024 The return of short-haul travel following the Covid-19 pandemic contributed to holiday park operator Parkdean Resorts’ pre-tax loss widening by almost £100m during its latest financial year. The business, which is headquartered near Newcastle upon Tyne, has reported a loss of £135.2m for 2023, having previously posted a loss of £36.4m in 2022. The last [...]
On the Beach hails record booking haul after summer travel boom September 25, 2024 On the Beach told markets the performance had been "underpinned" by 13 per cent volume growth over the peak summer trading period.
Viking River Cruises: Record UK profit as sales recover to pre-Covid level September 20, 2024 The UK arm of Viking River Cruises has achieved its highest revenue figure since the Covid-19 pandemic while its profit hit a new record. The London-headquartered division has reported a revenue of £119.9m for 2023, up from the £94m it achieved in 2022, according to newly-filed accounts with Companies House. The last time Viking River [...]
Secret Escapes: Post-pandemic demand helps significantly cut loss September 19, 2024 A surge in post-pandemic demand helped sales at jump by more than £60m at Secret Escapes in a move that helped to significantly cut its pre-tax loss. The London-headquartered group has reported a revenue of £170m for 2023, up from the £108m it posted for 2022. Newly-filed accounts with Companies House have also revealed that [...]
Haven and Warner Hotels owner slips into the red after Butlin’s sale September 4, 2024 The group behind Haven holiday parks and Warner Leisure Hotels fell into the red after the sale of Butlin’s, it has been revealed. Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of £166.5m for 2023, according to newly-filed accounts with Companies House. The loss comes after the group reported [...]
On The Beach labelled ‘cash machine’ following Ryanair partnership May 14, 2024 On The Beach has benefitted from the growth in demand for holidays.
Strong appetite for travel helps Easyjet reduce losses over the winter period April 18, 2024 Easyjet has continued to benefit from travellers' strong appetite for travel in the wake of the pandemic, seeing an uptick in passengers and reducing the traditional "seasonal" winter losses in its half-year trading update.