The Jockey Club, 25 April, reported an eighth straight year of growth in turnover, which conferences and events have helped boost to £191.5m for 2016. The figure represents a 4.5% increase on 2015.
Operating profits were also at record levels, of £22.6m, up over 3%.
Phil White, regional director Jockey Club Racecourses, tells CN: “The Jockey Club has achieved record annual results for 2016, which has meant that the London Region racecourses, Sandown Park, Kempton Park and Epsom Downs, have benefitted from further investment in facilities and a continued commitment to the onsite experience for all our delegates and visitors. We’ve seen a significant increase in enquiry levels year on year, which has led to growth in the number of total events and seen well over 500,000 delegates and visitors attend events with us.”
The Jockey Club owns 15 racecourses, but said there had been a slight drop in numbers attending the race days.
Two million people visited the venues for conferences and events, the company reported. Strong revenue streams were reported from large racing festivals, the Jockey Club Live joint music venture, commercial partnerships and media fees.