London's QEII Centre sees revenue grow 17.3% in 2014

The newly rebranded and refurbished QEII Centre has seen its room hire revenue grow by 17.3% in 2014 compared to the previous financial year.

The QEII has seen its best trading results across all income streams since 2009/10
The QEII has seen its best trading results across all income streams since 2009/10

After undergoing a rebrand in November, the QEII Centre has seen its best trading results across all income streams since 2009/10. It also delivered its highest ever occupancy level and revenue generating month in June 2014. 

Mark Taylor, CEO of QEII Centre, said: "It’s been a busy and exciting year for everyone here at QEII Centre and we’re proud of the progress made in a period that’s seen us invest significantly in the modernisation and future-proofing of the centre.

"We have achieved significant growth of our business with our forecast for year-end occupancy now 16% ahead of last year, while our total number of events is forecast to show a 20% increase. The combined effect of the aesthetic and technological improvements to the centre, along with our re-branding and a colossal team effort, have collectively delivered an outstanding year for the centre." 

The financial results come after it was announced that the centre could be sold off by a future Labour government to help pay off the UK's £67bn deficit.

More on London venues:

London: new developments for 2015

Grosvenor House Hotel put up for sale by owners

Venues in Wembley collaborate to launch events initiative

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