Sport, parks and leisure - Launch of hotel helps Lancashire CCC record 92 per cent increase in profits...
19 Dec 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
London Mayor's new Sport Strategy includes £8.8m funding pledge
London Mayor's new Sport Strategy includes £8.8m funding pledge   18 Dec 2018

The Mayor of London has published his Sport for All of Us strategy, following its official adoption by the London Assembly. The strategy, .... more>>
US$192m redevelopment of Atlanta Hawks arena brings 'community indoors'
US$192m redevelopment of Atlanta Hawks arena brings 'community indoors'   18 Dec 2018

The State Farm Arena in downtown Atlanta has fully reopened, following a US$192.5m (€169m, £152m) renovation project which has transformed the .... more>>
Qatar unveils eye-catching design for Lusail Stadium
Qatar unveils eye-catching design for Lusail Stadium   17 Dec 2018

Qatar’s Supreme Committee for Delivery & Legacy (SC) has revealed the renderings for Lusail Stadium – one of the many multipurpose venues that will .... more>>
US to have professional T20 cricket competition 'by 2021'
US to have professional T20 cricket competition 'by 2021'   17 Dec 2018

USA Cricket plans to set up a professional T20 cricket league in the country by 2021. The national governing body has launched a search for an .... more>>
Work to begin on £18m community football project in Sunderland
Work to begin on £18m community football project in Sunderland   17 Dec 2018

Building work is set to begin in January 2019 on three community football hubs in Sunderland. The £18.04m project is being funded by the Premier .... more>>
Company profile


Charles Lawrence

Construction of synthetic turf sports pitches, athletics tracks, tennis courts, multiuse games areas and surfacing to sports halls in addition to all associated works.

View full profile>>

Catalogue gallery


Featured Supplier

Matrix Fitness launches range of Target Training Cycles to UK market

Matrix Fitness launches range of Target Training Cycles to UK market

Matrix Fitness is set to transform the indoor cycling class with the launch of its Target Training Cycles. More>>




in this issue

• Third of children live sedentary lived
• Victus Soul opens first studio in London
• Brutalist building to reopen as luxury hotel



Latest jobs

Jobs Search



Recreation Assistant (Lifeguard)
Salary: Up to £17,806 per annum (39 hours a weeks pro rata)
Location: Gerrards Cross, UK
Company: GLL
Sales Manager
Salary: £20,000 per annum
Location: Homerton, London, UK
Company: énergie group
Personal Trainer
Salary: Competitive Salary and Benefits
Location: Homerton, London, UK
Company: énergie group
Diary dates
Powered by leisurediary.com

15 Jan 2019

Prospects 2019

Expedia HQ, London, United Kingdom



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Promotional feature: Alliance Leisure
The future of leisure in times of austerity More>>
  Last word: The benefits of retreats
Research is showing retreats could have a positive health impact More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Visitor profiles: Beyond demographics
Gerri Morris, of Morris Hargreaves McIntyre, on defining cultural consumers More>>
  Hospitality: Wasted opportunity
Restaurants take innovative approaches to solve the problem of food surplus 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