QEII Conference Centre projects buoyant financial figures

London's QEII Conference Centre is set to report a revenue drop of just 4% for 2009 compared with a projected fall of 10%, giving it £11m turnover compared to £11.5m in 2008.

QEII Conference Centre projects buoyant financial figures
QEII Conference Centre projects buoyant financial figures

The centre's financial results for first six months of 2009 have revealed profits of £522,000, more than double the £250,000 the venue had forecast a year ago.

Occupancy for the same period was at 60%, while revenues fell by 2% compared with the first six months of 2008.

"For the full year, we think we'll be around 4% behind revenue figures for 2008, although we were expecting a 10% decrease," said the QEIICC chief executive Ernest Vincent. "A year ago, we were quite concerned about what lay ahead of us and the impact both the banking crisis and the recession could have on the meetings industry.  We've lost some occupancy but nothing like the figure anticipated."

 

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
How to follow food from farm to fork

How to follow food from farm to fork

Delegates increasingly want to know where their food is coming from, which means event planners should too.

Complete C&IT's agency survey by 2 August

Complete C&IT's agency survey by 2 August

To be in with a chance of appearing in this year's Top 50 UK Agencies, complete our State of the Industry survey.

TEN6 Creative appoints senior designer

TEN6 Creative appoints senior designer

London-based agency continues expansion to boost its live experiences capabilities.

6 ways incentive travel boosts your business

6 ways incentive travel boosts your business

From increasing morale to encouraging competition, Seven Events' Sarah Hill explains how incentive travel benefits the bottom line.

George P. Johnson announces two new senior hires

George P. Johnson announces two new senior hires

The agency continues to invest in leadership to support the development of its creative teams.

Brisbane lands Flight Centre's Global Gathering

Brisbane lands Flight Centre's Global Gathering

Brisbane has been selected to host one of the world's largest travel industry conferences, bringing a (AUD) $7 million economic boost.

Expert reveals UK's top 7 steam railway journeys

Expert reveals UK's top 7 steam railway journeys

Vintage trains in Scotland, England and Wales all make the list, offering groups a quirky and luxurious way to travel.

10 destinations to reach without flying

10 destinations to reach without flying

A list of places that can be reached using greener alternatives to air travel.

Business traveller habits revealed in new research

Business traveller habits revealed in new research

Smartphones are having a significant impact on business travel, according to a CWT poll.

How to tackle the rising issue of delegate stress

How to tackle the rising issue of delegate stress

There are lots of ways to remove the core stress triggers of certain delegates.

LATEST JOBS