North East holiday park company Parkdean Resorts has posted a 54% jump in revenues after continuing to invest against a backgrop of operational challenges over the last two years.
The Newcastle company, which owns and operates 66 holiday parks on 3,500 acres of land across the UK, saw adjusted revenues rise from £348.4m to £537.4m in the year ended December 31 2021. The firm, which offers options including static caravans, lodges and glamping, as well as hotel accommodation at two sites, also converted the previous year’s operating loss of £18.8m to profit of £135.7m, while adjusted Ebitda also almost trebled from £58.1m to £144.7m.
During the year the Gosforth based business made a record investment of £80m into its parks, including further investment into its ‘Park of the Future’ programme, to improve its food and drink offering as well as general facilities, children’s activities and accommodation. Three existing parks were developed in the year, and the business has plans to carry out similar works at 36 additional parks .
