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, [...]
Parkdean Resorts suffers £100m slump as post-pandemic holiday competition heats up Business 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 [...]
‘False alarm’: The post-pandemic global travel boom is showing no signs of slowing Business Global travel has peaked nearly five years after the pandemic decimated the industry. How long will the boom 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 [...]
9 of the best September holidays to book now in Spain, Greece and more to keep summer alive August 27, 2024 Don’t believe those who would tell you summer is almost over: book one of these September holidays to keep the summer spirit alive Ignore chat about summer being over – it’s wrong. The summer season officially lasts until 20 September, and plenty of the season’s biggest events are yet to happen. Travel network Virtuoso data [...]
Loveholidays: How CEO Donat Rétif tripled profit by ‘democratising’ travel August 2, 2024 Donat Rétif has only been the CEO of Loveholidays since 2019, but under his leadership the vacation marketplace has experienced explosive growth across all major metrics, doubling its revenue, tripling its pre-tax profit and quadrupling its workforce.
Group behind Sykes Holiday Cottages widens loss to almost £75m July 8, 2024 The group that includes Sykes Holiday Cottages saw its pre-tax loss widen to almost £75m during its latest financial year, it has been revealed.