Sport, parks and leisure - Launch of hotel helps Lancashire CCC record 92 per cent increase in profits...
26 Sep 2018 Sport, parks, & leisure: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

17 Apr 2018

Launch of hotel helps Lancashire CCC record 92 per cent increase in profits
BY Tom Walker

With an average occupancy of 61 per cent, the hotel achieved room revenues of £1m

With an average occupancy of 61 per cent, the hotel achieved room revenues of £1m
photo: Lancashire CCC

The opening of a new hotel at its Old Trafford ground has helped Lancashire County Cricket Club (LCCC) post a 92 per cent increase in full-year profits.

LCCC opened a 150-bedroom Hilton Garden Inn at the end of August 2017 and the hotel "exceeded expectations" in its first four months of trading.

With an average occupancy of 61 per cent, the hotel achieved room revenues of £1m, with average daily room rates hitting £92.

The hotel's performance helped LCCC post an operating profit of £2,347,000 for the year ending 31 December 2017.

The opening of the hotel has also revitalised the club's events business.

"The conference and events business experienced some challenges in the early part of 2017," the club said in a statement.

"But following the opening of the new hotel, November and December saw a significant uplift in conference business.

"We are now targeting further growth from combined hotel and events revenue for 2018."

Lee Morgan, LCCC finance director, added: “With the completion of the new hotel bringing the lengthy development period to a conclusion, the club is now able to fully focus on maximising the return on its investment by growing its business activities for the future benefit of cricket at both elite and recreational level."



Connect with
Sport Parks Leisure
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Man City opens second China office as part of global expansion plans
Man City opens second China office as part of global expansion plans   26 Sep 2018

Manchester City FC (MCFC) has become the first international football organisation to open two offices in mainland China. Located in Shenzhen, the .... more>>
Coach Core to add 10 new sites after netting £1m Lottery grant
Coach Core to add 10 new sites after netting £1m Lottery grant   25 Sep 2018

A programme designed to help get more young people to train as sports coaches has received nearly £1m of National Lottery funding from Sport England. .... more>>
Bates Smart condemns Sydney stadium plans, talks of upcoming "renaissance" in urban renewal
Bates Smart condemns Sydney stadium plans, talks of upcoming   25 Sep 2018

Philip Vivian, director of the multidisciplinary design firm Bates Smart, has criticised plans by the Australian government to demolish and rebuild .... more>>
Petition calls on political parties to 'transform physical activity' for children
Petition calls on political parties to 'transform physical activity' for children   25 Sep 2018

The Sport and Recreation Alliance (SRA) has launched a petition calling on politicians of all parties to transform physical activity provision for .... more>>
UK adults spend 12 hours a week binge-watching TV, but only 90 minutes exercising
UK adults spend 12 hours a week binge-watching TV, but only 90 minutes exercising   24 Sep 2018

The average UK adult spends eight times as long watching on-demand television as they do exercising, according to a new report. A study of 2,076 .... more>>
Company profile


Matrix Fitness

At Matrix Fitness, our goal is to make innovative commercial fitness equipment that stands out and sets new industry standards.

View full profile>>

Catalogue gallery


Featured Supplier

CoursePro enables stress-free course management solutions

CoursePro enables stress-free course management solutions

CoursePro, the leading course management solution for sports clubs and leisure centres, manages the admin behind sports lessons, automating enrolments and organising payments. More>>




in this issue

• PHE: prevention key to NHS strategy
• Jetts Fitness targets further UK growth
• GNH merges with Hotel Partnership



Latest jobs

Jobs Search



STA Award in Swimming Teaching
Location: Cambridge, UK
Company: GLL
STA Award in Swimming Teaching
Location: Cornwall, UK
Company: GLL
STA Certificate in Swimming Teacher
Location: Cumbria, UK
Company: GLL
Diary dates
Powered by leisurediary.com

24 Apr - 26 Nov 2018

MAPIC Russia

Expocentre, Moscow, Russia



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Tourism: High flyers
How bmi and Projekt Spielberg are growing British tourism to Graz More>>
  Social good: Spice of life
Oomph! founder Ben Allen is bringing variety to residential homes More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Community: Bright Hart Lane
Grant Cornwell on the Tottenham Hotspur Foundation’s community work More>>
  Talking Point: Cruise control
The cruise industry is expanding, but concerns are growing about pollution More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd