Club Mediterranee’s revenues for the first quarter of fiscal 2005 (November 1, 2004 – January 31, 2005) totaled €319 million, versus €342 million in the prior-year period…
Club Mediterranee’s revenues for the first quarter of fiscal 2005 (November 1, 2004 – January 31, 2005) totaled €319 million, versus €342 million in the prior-year period. This represented a decline of 5.3% at constant scope of consolidation and exchange rates and of 6.9% as reported.
The direct effects of the Caribbean hurricanes and the Asian tsunami reduced revenues by €18 million, due to the temporary closing of five villages (Punta Cana, Columbus Isle, Phuket, Kani and Faru) during the period.
Excluding the direct effects of these disasters, whose impact on earnings are covered by insurance, consolidated revenues were stable for the quarter while village revenues rose 1.6%.
Winter season booking to date
Total winter season bookings at March 5 were down 2.2% year-on-year. By comparison, bookings were up 3.6% at December 4, 2004. Excluding the direct effects of the Caribbean hurricanes and the Asian tsunami, bookings at March 5 were up 3.1%, on a par with December 4.
These results—especially the 4.7% increase for Europe—were achieved despite a delay in launching the new advertising campaign, initially planned for January, the beginning of the peak booking period.
Changes in first-quarter revenues by region and business were as follows:
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.  17/05/2024
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