Eurostar reports continued growth in sales revenues and passenger numbers in the first quarter of 2012
17 Apr 2012
- Sales revenues up 7% to £211 million from £197 million in Q1 2011
- Passenger numbers up 4% to 2.24 million in Q1 2012 from 2.15 million in the same quarter last year
- Sales revenues and passenger volume growth driven by leisure traffic
Eurostar, the high speed rail service between the UK and mainland Europe, today reported a good start to the year with continued growth in sales revenues and passenger numbers. In the first quarter of the year, sales revenues rose by 7% from £197 million to £211 million. Passenger numbers also saw an increase to 2.24 million in Q1 2012 from 2.15 million in the same period last year.
The growth over the last three months has been driven by an increase in leisure travel with business travel in the first quarter of the year remaining broadly flat compared with 2011. In addition to enjoying Eurostar's traditional destinations, passengers looking to travel further afield by high speed rail, have been taking advantage of its highly competitive fares to Amsterdam travelling via Brussels.
Nicolas Petrovic, Chief Executive of Eurostar, said:"The year got off to a strong start with sales revenues and passenger numbers on the up. Our core destinations continue to be a big draw for passengers but we have also seen particularly good take-up of our Amsterdam fares as passengers are increasingly keen to try out new leisure destinations by high speed rail."
Looking ahead, London is gearing up for one its busiest ever summers as travellers flock to London to enjoy a range of attractions. The combination of the Queen's Jubilee celebrations and the London 2012 Games and Festival will ensure that the capital has much to offer both sports and arts enthusiasts alike.
As a sponsor of the London 2012 Games, Eurostar is playing a key role in bringing spectators to London and in helping to make the Games a truly international celebration. To mark the London 2012 Festival Eurostar is staging 'Traction' an original one-day summer arts festival which will be held in Granary Square - London's newest creative quarter, a stone's throw from Eurostar's central London home at St Pancras International. This unique event will bring together musical, dance and arts performers from across Europe to celebrate the diversity of European talent. The festival is set to be a key attraction for visitors coming from the continent and is already seeing high demand for tickets with the first tranche selling out within days of their release. 1
Nicolas Petrovic continued:"We are gearing up for an exciting summer as the nation counts down to the London 2012 celebrations. Bookings for the June bank holiday weekend are looking strong with thousands of visitors coming to London to enjoy the unique pageantry of the Queen's Jubilee. There is no doubt that London is set to have one of its most memorable years on record and we are looking forward to welcoming visitors from around the world to share in the experience."
Definitions:Sales revenue is the value of ticket bookings made during the period. This revenue is only recognised in the profit and loss account at the date on which the passenger actually travelsPassenger volumes reflect the number of travellers carried by Eurostar in the period
Notes to editors:1 Traction is being staged on Saturday 14 July 2012. Early bird tickets have now sold out and the next tranche of tickets will go on sale from 26 April priced at £20 each. For more information and to book tickets, visit www.eurostartraction.com or www.ticketmaster.co.uk
About Eurostar:1. Eurostar is the high-speed train service linking St Pancras International, Ebbsfleet International, Ashford International, Paris, Brussels, Lille, Calais, Disneyland Resort Paris, Avignon and the French Alps.
2. Eurostar was established in 1994 as a partnership between three railway companies: SNCF, SNCB and LCR (London and Continental Railways). On 1 September 2010, Eurostar became a single, unified corporate entity owned by three shareholders: SNCF, SNCB and LCR.
3. The current Eurostar train was first introduced into service in 1994 carrying 750 passengers and operating at speeds of up to 300kph. Since then, the fleet of 28 trains has carried more than 115 million passengers between London and the Continent. Following their refurbishment these trains will continue to form a core part of the Eurostar fleet.
4. Eurostar is a founder member of Railteam, a partnership between Europe's leading high-speed train operators that is developing simpler ways to book and travel on the fast-expanding, European high-speed rail network.
5. Eurostar and Eurotunnel are entirely separate companies. Eurostar operates high-speed passenger trains, while Eurotunnel operates vehicle shuttle services and the Channel Tunnel itself. Eurostar is Eurotunnel's biggest customer.
For more information please contact:
Eurostar Press Officet: 00 44 (0) 20 7843 5500 e: firstname.lastname@example.org