Revenue figures for the conference and events division from January 2014-January 2015 are expected to exceed £3.8m, compared to £2.7m for the same period in 2013-14.
The figures are attributed to a boost in the venue’s corporate conference, meetings and event bookings from a range of its corporate clients, combined with a 150% increase in wedding bookings.
Events confirmed for the Kia Oval include the International Wine Challenge 2014-2015, alongside a variety of other government, banking and educational events and roadshows.
The Kia Oval has invested more than £2.5m invested in its facilities over the past three years, including the £250,000 development of The Corinthian Roof Terrace; a joint venture between The Kia Oval and Compass Group UK & Ireland which was completed in 2013.
Charlie Hodgson, commercial director at the Kia Oval said: "These are extremely encouraging results for the Kia Oval’s conference and events division. We have a really strong team here, and with our flexible and customer centred approach to working with clients we have delivered some fantastic events this year."
The venue now has a total of 92 event rooms, which can cater for groups of seven to 800 guests.