United Kingdom
United States
Asia Pacific
Center Parcs to float on stock market
Center Parcs is to be floated on the stock market next week following its sale for £285million. The UK holiday village operator will be listed on the Alternative Investment Market following the sale by MidOcean Partners to Arbor, a company created for the deal which will shortly change its name to Center Parcs UK. Earlier this year MidOcean sold its 50% interest in Center Parcs Europe, which operates holiday parks in The Netherlands, France, Belgium and Germany, for £189 million to Pierre & Vacances. Center Parcs, which claims to be the “shortbreak holiday market leader” operates four holiday parks in the UK and has about 4,000 full and part time staff. During 2001/02 it had 1.2million guests with a total 4.8million overnight stays and a turnover of £166 million. Aimed at ABC1 families with young children, it prides itself on its high occupancy levels of over 90% at all four parks and repeat bookings of more than 60% within a year. The UK parks are located at Elveden Forest in Suffolk, Longleat Forest near Bath, Oasis Whinfell Forest in the Lake District and Sherwood Forest near Nottingham.
Related News Stories:
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled