THE €365 MILLION Center Parcs holiday resort in Co Longford has this year recorded average weekly revenues of almost €2 million, as operating profits increased by 13% to €33.3 million.

In another record year for the business, new accounts filed by Center Parcs Ireland Ltd show that revenues at the Co Longford resort rose by 4% from €96.7 million to €101 million – or €1.94 million per week on average – in the 12 months to 24 April this year.

Pre-tax profits increased by 14% to €11.1 million after net finance expenses of €21.9 million are taken into account.

The Center Parcs Irish business achieved the increase in revenues and operating profits on the back of occupancy rates of 97.6% which was a slight drop on the occupancy rates of 98.7% in fiscal 2024.

Occupancy rates across Center Parcs’s five holiday villages in the UK was 97.3% for this year.

No dividends were paid by the Irish company this year after €152.7 million was paid out in fiscal 2024.

Last year, construction work commenced on a €100 million expansion of the village at Co Longford with the addition of 198 lodges and luxury treehouses, which will increase the resort’s capacity to around 3,500 guests.

The accounts show that the Irish business recorded an Earnings Before Tax Depreciation and Amortisation (EBITDA) performance of €42.8 million compared to €38.8 million in the prior year.

Center Parcs opened its first forest resort in the UK in 1987 and opened Center Parcs Longford in 2019.

The directors’ report shows that operating profits increased as the Irish firm’s RevPAL (Rent per available lodge night) increased from €298.80 to €303.32 this year while the Average Daily Rent (ADR) increased from €302.86 to €310.81.

This compares to RevPAL of £236.42 (€272.34) and ADR of £243.10 (€280.03) for the firm’s UK operation for this year, separate accounts show.

The Irish company recorded a post tax profit of €9.3 million after incurring a corporation charge of €1.8 million.

Numbers employed at the Longford Village resort this year decreased by 33 from 1,301 to 1,268 as staff costs increased by 6pc from €27.9m to €29.6m.

The operating profit of €33.3 million this year takes account of non-cash depreciation costs of €9.5 million.

The company had accumulated profits of €78.7 million at the end of 24 April this year. The firm’s cash funds increased from €11.9 million to €42.7 million this year.

Separate accounts filed by the Center Parcs UK operation, Center Parcs (Holdings 1) Ltd show that the group recorded pre-tax profits of £87.2m as revenues increased by 5pc from £620.8 million to £649.8 million in the 12 months to 24 April 24th this year.