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17th of November 2018

Travel



Eurostar reports record sales revenue for third quarter

Eurostar has reported a positive performance and record sales revenues in quarter three of 2018. 

Passenger numbers were up by 12 per cent compared with the previous year, rising to three million for the period, while sales revenues grew by 17 per cent to £247 million. 

This robust performance was driven in part by the strength of the business market with the volume of business customers growing by 21 per cent compared to the same period in 2017, as business travellers increasingly choose the ease and comfort of high-speed rail over plane for cross Channel travel.

The rise in the number of passengers from the US, as reported earlier this year, continued into the third quarter with a six per cent increase year-on-year, as visitors were drawn to Europe to enjoy the world-famous Ryder Cup golf tournament in Paris in September.

Leisure traffic has been boosted by the success of Eurostar’s new service between the UK and the Netherlands, with an additional 130,000 passengers travelling to Amsterdam and Rotterdam by high-speed rail since the service launched in April this year. 

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To meet demand, Eurostar will introduce a third direct daily service from London in June, and has plans to run four trains a day when the governments introduce border controls in the Netherlands at the end of next year, with ambitions for five daily services in the future.

Mike Cooper, chief executive of Eurostar, said: “After a strong summer period the business has continued to perform very well, buoyed up by our new London to Amsterdam service which has transformed travel between these important capital cities. 

“The potential of our Amsterdam route is significant as the Netherlands is becoming increasingly popular as a business and tourist destination.”

Nick Mercer

Eurostar also confirmed commercial director and board director of Eurostar International, Nick Mercer, will be stepping down and leaving the business at the end of December. 

Mercer said: “After 15 very enjoyable years, this is the right time for me to be moving on. 

“I will be leaving the business in a positive position with record sales, a clear strategy for the future and with a strong and motivated team.

“I want to thank all our partners in the travel industry who have provided such great support for the business and to me personally.

“I know I will miss many of you.”

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