Compagnie des Alpes have posted "dynamic growth" in Q1, with Leisure Parks reaping the rewards of strategic investment and initiatives.
Q1 results for Compagnie des Alpes showed Leisure Park sales increasing by 16.1 percent (12.1 percent adjusting for the acquisition of Family Park) compared with the previous year.
As well as the acquisiton of Family Park, the leading Austrian theme park, the company has invested in expanding its theme park hotel offering and as well as promoting events outside peak season.
Strategic investments and initiatives
The growth is attributed to strategic investments and initiatives from CDA including:- The acquisition of Family Park in March 2019.
- OpeningParc Astérix over the Christmas holidays.
- The full opening of Parc Astérix's second hotel, with an additional 96 rooms, now totaling 300.
- The opening of the Bellewaerde Aquapark in July 2019.
- A record breaking Halloween season.
Travelfactory
Meanwhile, Travelfactory, reported within Holdings and Support, has shown strong performance. Sales growth from the online travel agency is said to have "more than offset the decline in consulting sales, which was due to contract cadences".Future plans
The first quarter typically represents 18 percent of annual sales, with Q2 being slow due to many of the attractions being closed.CDA plans to add an additional 150 rooms with a third hotel at Park Astérix. In addition major new attractions are set to open this season at Futuroscope and at Bellewaerde.
Rachel is co-founder and strategic director at blooloop. She has a degree in engineering from Cambridge University, is a Chartered Accountant and has certificates in Sustainability Leadership and Corporate Responsibility from London Business School, and Sustainable Marketing, Media and Creative from Cambridge University's Institute for Sustainability Leadership (CISL). Rachel oversees our news, events and sustainability.