Arena Leisure celebrates 13% rise in corporate hospitality attendance

Arena Leisure succeeded with a 13% increase in corporate hospitality visitors with 17,000 at its racecourses in the first half of 2010, fuelling positive prospects for the sector in the future.

Arena Leisure racecourses
Arena Leisure racecourses

The significant rise in spend is in stark contrast to last year when Arena Leisure posted a loss of nearly £1m of its racecourse operating profits and said it was due to reduced hospitality and catering spend in 2008.

Profits before interest and tax had increased by 25% to £2m from 1 January 2010 to 30 June 2010 and average attendance was up 3% at 1,498.

"Arena has delivered improved operational performance with average attendance at our racecourses increasing year-on-year and there are initial signs that corporate hospitality business is beginning to pick up," said Arena Leisure chairman David Thorpe.

"Trading at the Lingfield Park Marriott Hotel and Country Club since its May opening is in line with our expectations and development plans at Folkestone continued in progress."

Arena Leisure consists of Doncaster, Folkestone, Lingfield Park, Royal Windsor, Southwell, Worcester and Wolverhampton racecourses.

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