“Record holiday park demand” drives Inspired Q3 revenue growth

Lorne Weil Inspired financial Q3 revenue growth
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Inspired has reported a 29 percent increase year-on-year in third quarter revenue to £57.6m, citing “strong recovery in our Gaming and Leisure segments from prior year levels.”

 

The operator confirmed “record holiday park demand” boosted takings for the period, as foreign travel restrictions drove thousands of domestic tourists toward staycations.

“We experienced record revenues from the holiday park sector in the third quarter driven by prior-year investment in product mix and consumer demand,” said a company statement.

“We also saw strong revenues from MSAs and improving machine performance in Pubs in the quarter with 97 percent of Pubs operational.”

Leisure revenue increased £11.9m to £24.8m for the three month period, while the segment’s operating income hit £6.6m, up significantly from the £1.5m loss reported in the third quarter of 2020.

“Motorway Service Areas have delivered strong performance in the quarter with revenue ahead of pre-pandemic levels on a like-for-like basis. Pubs have been slower to recover following reopening, however, machine performance has improved during the quarter.”

Commenting on the financial statement, executive chair Lorne Weil said: “We believe the third quarter is a good indicator of the strength of each of our segments coming out of Covid-19. Looking out to 2022, we see continued growth across each of our segments.”


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