Center Parcs Performance and Financial Update
Summary
CenterParcs
The business continues to perform strongly as evidenced by an excellent
first half performance in a difficult macro environment.
➤ Strong demand, our highest ever guest satisfaction scores and continued
spend on village demonstrates Center Parcs popularity.
We expect to see ADR increase for the full year evidenced by bookings
already in place for the second half leading to EBITA growth for the full year.
Inflation continues to be recovered and robust cost controls are in place.
UK Occupancy is now 83% (1) for FY24 which is in line with the same time
last year (and 81% in FY20).
Cash generation remains strong, and the business continues to deliver
excellent free cash flow.
➤ The focus on ESG initiatives continues with a commitment to Net Zero by
2050 and a 30% reduction by 2030.
(1) As at 10 November 2023
Center Parcs continues to deliver
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