Non-raceday revenues for 2012 at the conference and events division of The Jockey Club, Jockey Club Venues, are up by 13 per cent, the sporting venue group says.
The group’s record financial results display an increased level of business performance for the group in terms of conferences, live music, and other non-racing events.
In 2012, increased non-racing revenues of £22.2m (up by 13 per cent from £19.7m in 2011) accounted for 15 per cent of The Jockey Club’s turnover and helped to drive a three per cent growth in operating profits of £19.8m, up from £19.2m in 2011.
The Jockey Club Venues catering partnership with Compass Group UK & Ireland, Jockey Club Catering, also reported growth, with a year-on-year increase in turnover of six per cent.
An increase in non-raceday business means it now represents nearly 20 per cent of all Jockey Club Catering food and beverage sales.
Since its inception, the venture has invested more than £5m improving venues’ catering facilities to enhance customer experience at racecourses; most recently, this has included bar upgrades at Epsom Downs, the Sprint Cup bar renovation at Haydock Park, the Kauto Star bar project at Kempton Park, and the Equus restaurant renovation at Sandown Park Racecourse.
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