News

Over €57m annual revenue recorded by firm operating Longford Center Parcs attraction

Oct 14, 2022 12:13 By Shannonside News
Over €57m annual revenue recorded by firm operating Longford Center Parcs attraction
Share this article

The company has seen spending as employee costs soar.

The operator of the €280 million Center Parcs holiday resort in Longford has this year enjoyed average weekly revenues of more than €1.1 million as it recovered from Covid-19 shutdowns.

Accounts filed by Center Parcs Ireland Ltd show that revenues at Longford Forest near Ballymahon increased almost sixfold to €57.8 million from €10.8 million in the 12 months to April 21st this year.

The resort, which first opened to the public in July 2019, was impacted by Covid-19 closures for a small portion of the year.
The accounts, signed off in July, said that “demand for a Center Parcs break remains strong, and current forecasts assume occupancy levels higher than those seen before Covid-19″.
Numbers employed at the Longford resort this year increased from 1,008 to 1,079. With staff costs more than doubling from €7.6 million to €18.8 million

Advertisement

A majority of the company’s employees were furloughed for part of the year and the company received State Covid-19 wage supports totalling €1.4 million, it said. It received supports of €8.6 million in the previous year.
Guests affected by Covid-enforced closures were incentivised to change the date of their break rather than cancel and receive a full refund, directors said. During the lockdown more than 50 per cent of affected guests took the option of moving their break.

Share this article
Advertisement
Advertisement

Shannonside Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Shannonside FM. Developed by Square1 and Powered by PublisherPlus