The €365m Center Parcs holiday resort in Co Longford has this year recorded average weekly revenues of almost €2m as operating profits increased by 13% to €33.3m.
In another record year for the business, new accounts filed by Center Parcs Ireland Ltd show that revenues at the Co Longford resort rose by 4% from €96.7m to €101m - or €1.94m per week on average - in the 12 months to the end of April 24 this year.
Pre-tax profits increased by 14% to €11.1m after net finance expenses of €21.9m are taken into account.
The Center Parcs' Irish business achieved the increase in revenues and operating profits on the back of occupancy rates of 97.6% which was a slight drop on the occupancy rates of 98.7% in fiscal 2024.
Occupancy rates across Center Parcs's five holiday villages in the UK was 97.3% for this year.
No dividends were paid by the Irish company this year after €152.7m was paid out in fiscal 2024.
Last year, construction work commenced on a €100m expansion of the village at Co Longford with the addition of 198 lodges and luxury treehouses, which will increase the resort's capacity to around 3,500 guests.
The accounts show that the Irish business recorded an Earnings Before Tax Depreciation and Amortisation (EBITDA) performance of €42.8m compared to €38.8m in the prior year.
Center Parcs opened its first forest resort in the UK in 1987 and opened Center Parcs Longford in 2019.
The directors' report shows that operating profits increased as the Irish firm's RevPAL (Rent per available lodge night) increased from €298.80 to €303.32 this year while the Average Daily Rent (ADR) increased from €302.86m to €310.81.
This compares to RevPAL of £236.42 (€272.34) and ADR of £243.10 (€280.03) for the firm's UK operation for this year, separate accounts show.
The Irish company recorded a post tax profit of €9.3m after incurring a corporation charge of €1.8m.
Numbers employed at the Longford Village resort this year decreased by 33 from 1,301 to 1,268 as staff costs increased by 6% from €27.9m to €29.6m.
The operating profit of €33.3m this year takes account of non-cash depreciation costs of €9.5m.
The company had accumulated profits of €78.7m at the end of April 24 this year, while its cash funds increased from €11.9m to €42.7m this year.
Separate accounts filed by the Center Parcs UK operation, Center Parcs (Holdings 1) Ltd show that the group recorded pre-tax profits of £87.2m as revenues increased by 5% from £620.8m to £649.8m in the 12 months to the end of April 24 this year.
Reporting by Gordon Deegan
