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Eurostar reports strong forward bookings for Euro 2016 as fans take the train to the game

Eurostar reports strong forward bookings for Euro 2016 as fans take the train to the game

 

Eurostar, the high-speed rail service between the UK and mainland Europe, today reports strong forward bookings for the Euro 2016 tournament as football fever kicks in.  With direct high-speed Eurostar services to the main host cities including Lille, Paris, Lyon and Marseille, nearly half a million passengers from across the UK are scheduled to travel during the tournament.

 

Over the last few weeks Eurostar has seen a surge in ticket sales, with June 10th proving to be the busiest day as the hosts open the tournament in the Stade de France in Paris.  With the successful introduction of Eurostar’s new fleet of e320 trains at the end of 2015, football fans can now connect to the free onboard wifi and entertainment system to follow their team whilst on the move.

 

Nicolas Petrovic, Chief Executive of Eurostar, said:

“We have seen an unprecedented demand from football supporters keen to get the Euros by train. With our city-centre to city-centre services and a brand new state-of-the art fleet of trains, we are ideally placed to carry fans from the UK direct to the heart of the action in France.”

 

Challenging first quarter of 2016

The strong bookings for Euro 2016 follow a challenging first quarter of the year. Travellers remain cautious following the terrorist attacks in Brussels and demand is dampened.

 

The impact has been particularly evident in international markets with Eurostar reporting a slowdown in travellers from the US and Asia. As a result, passenger numbers in the first three months of the year were 2.2 million, a 3% reduction on the same period last year (2.3 million: Q1 2015) and sales revenues were 6% lower year on year (£201 million Q1 2016: £215 million Q1 2015).

 

Testing for the new London-Amsterdam service

Plans for the launch of Eurostar’s new route between London and Amsterdam are gathering momentum as the new e320 train was tested on the Dutch network for the first time last month.  The journey marked the initial phase of a comprehensive testing programme with commercial services expected to start at the end of next year.

 

With journey times of around four hours and a city-centre to city-centre service, Eurostar will revolutionise travel between these capital cities offering a comfortable and convenient alternative to the airlines.

 

Nicolas Petrovic continued:

“The start of testing for the e320 on the Dutch network marks a major milestone in the run-up to the launch our new service.  With over 3 million passengers travelling by air between London and Amsterdam, this new route is key to our growth plans.  Our fast, comfortable, point-to-point service is set to transform travel between these important financial and tourist hubs.”

 

With a lead-in price  from just £29 one way, no additional charges for luggage or seats and a direct link between city centres, Eurostar represents a highly competitive alternative to travelling by plane.   For more information visit www.eurostar.com

  

Definitions:

  • Sales revenue is the value of ticket bookings made during the period. This revenue is only recognised in the income statement at the date on which the passenger actually travels.
  • Passenger volumes reflect the number of travellers carried by Eurostar in the period.

 

 

About Eurostar

  1. Eurostar is the high-speed train service linking St Pancras International, Ebbsfleet International, Ashford International, Paris, Brussels, Lille, Calais, Disneyland Resort Paris, Lyon, Avignon, Marseille and the French Alps.

 

  1. Eurostar was established in 1994 as a partnership between three railway companies: SNCF, SNCB and LCR (London and Continental Railways). On 1 September 2010, Eurostar became a single, unified corporate entity owned by three shareholders: SNCF, SNCB and LCR. LCR’s holding was transferred to the Treasury in 2014, and sold by the UK government to a consortium comprising Caisse de Depot et Placement du Quebec (CDPQ) and Hermes Infrastructure on 28th May 2015.

 

  1. Eurostar and Eurotunnel are entirely separate companies.  Eurostar operates high-speed passenger trains, while Eurotunnel operates vehicle shuttle services and the Channel Tunnel itself. Eurostar is Eurotunnel’s biggest customer.
 

About the author: admin

 

Oxford based journalist and consultant, who writes about business, especially the global energy business including exploration. Also editor Oxfordprospect.co.uk. Writes about a variety of topics including production, power generation including renewables, innovation, investment, markets, technology, regulation, leadership, policy making and management.

 

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