Wednesday, January 19, 2022

Tag: Merlin entertainment

Legoland Movie fails to impress but Merlin’s portfolio keeps the profit wand waving

Legoland Japan Merlin Entertainment
The release of a second Lego Movie had “limited momentum” on Legoland ticket sales, according to operator Merlin Entertainment.

Merlin to phase out plastic straws by end of 2018

Plastic straws, merlin, png
The scourge of plastic waste across the oceans has piqued the public conscience like no other environmental campaign in many a year. From images of whales dying to beaches covered in plastic bottles, the response to the issue has been rapid with businesses, usually the last to set sail on the environment, setting the agenda. Merlin Entertainments have nailed...

Plans to boost Blackpool economy by £1bn unveiled

Blackpool, tourism, economy, Blackpool Pride of Place Partnerhip, Merlin Entertainment
A local partnership of the public and private sectors is hoping to secure government funding to help Blackpool return to its heyday as the country’s most popular seaside destination. A plan to restore Blackpool to its tourist heyday and boost its economy by £1bn over the next decade have been unveiled. Published by the Blackpool Pride of Place Partnerhip, the masterplan...

Merlin fails to wave a magic wand over Legoland visitor numbers

Merlin, Legoland, Merlin Entertainment, Madame Tussauds, London Dungeon
Merlin Entertainment’s latest trading update was met with a degree of consternation from the stock exchange as shares dipped on the news that the company had done little other than stay within expectations. Citing “early signs of recovery in the London tourism market,” Merlin CEO Nick Varney was able to report an increase in visitor numbers at the London Eye,...

Merlin Magic: Sales up despite market fluctuations

Europe’s largest attractions operator attributes a decent revenue performance in the first half of the year to recent and continued investment in its on-hand resort accommodation. Merlin has waved a magic wand. Merlin Entertainment are always a useful yardstick for gauging the vitality of the global attractions trade: and it’s good news as far as the first half of 2018...

Diversity paying dividends in tumultuous market

Coinslot - Merlin diversity
The Merlin Entertainment group posted positive preliminary results for the 2017 calendar year despite the weather and unfavourable market conditions. A flexible approach to strategic models and the continued success of diversification programmes saw Merlin Entertainment overcome obstacles in the operational environment to report strong revenue growth and record-breaking visitor numbers in 2017. The group’s preliminary announcement tells of a calendar...

Difficult summer tradings hits Merlin forecasts

  Leisure giants, Merlin Entertainment, has downgraded its full-year profit expectations, and in turn sent share prices tumbling down some 20 percent as the full scale of a difficult summer trading period becomes apparent.   An unfavourable weather conditions throughout the country and high-profile terrorist attacks in central London bred a difficult operational environment over summer and even Merlin Entertainment was unable...

Hospitality industry rallies for Tourism VAT cut

Coinslot - Industry Tourism VAT
As Brexit looms, key hospitality players nation-wide are banding together to call for measures to help the industry thrive long-term. Cutting VAT on tourism is a primary target.   The Campaign to Cut Tourism VAT, a coalition of 40,000 hospitality businesses nation-wide, looks to be taking off on multiple frontiers. The campaign is touring the UK explaining the objectives behind the...

Sustainability programmes give Merlin a huge costs saving

Coinslot - Merlin
Merlin Entertainments has revealed that a programme of sustainability measures has saved it almost a million pounds in costs over the past two years.   The international amusement park operator said that more than £460,000 had been saved through the deployment of local sustainability champions and facilities managers across its attractions, including those in the UK. Dare Ilori, Merlin’s group head...

Butlin’s boss calls for school holidays VAT cut test

Coinslot - Butlin's VAT school holiday bourne
Dermot King has once again issued calls for a reduction in leisure VAT, suggesting that impeding school holidays would be ripe for experimentation.   The boss of Butlin’s-owner Bourne Leisure has called on the government to test the effect of a cut in VAT on the tourism industry by implementing it during school holidays. Dermot King, who is also chairman of the...

Merlin committed to profit growth and new attractions

Coinslot - Merlin entertainment profit milestones 2020
Merlin Entertainments’ latest financial results show that the company has enjoyed profit growth in 2016 and is on track to meet its 2020 milestones.   Thanks to the weak pound, Merlin Entertainments, operator of attractions such as Alton Towers, Madame Tussauds and the London Eye, saw operating profits grow 3.6 percent in the year to 24 December on a year earlier. Other...