Eurostar, the high-speed passenger rail service between mainland Europe and the UK, reported continued, strong growth in both sales revenues and passenger numbers during the first quarter of 2014. Compared to same period in 2013, total sales revenues grew by 7% to £227 million1 (Q1 2013: £213 million) while total passenger numbers increased by 3% to 2.3 million (Q1 2013: 2.2 million).
During the first three months of the year, Eurostar has seen signs that growing economic confidence has translated into stronger business travel bookings on both sides of the channel. During the period growth in sales of Eurostar’s Business Premier class of travel has continued with passenger volumes up 6%. This trend, first reported in the second half of 2013 and related largely to the UK corporate travel market, has now begun to take hold in Eurostar’s other core markets. This positive corporate sentiment has contributed to Eurostar’s strong performance and demonstrates the resilience of those businesses with a foothold on both sides of the English Channel.
“The improvement we have seen in the corporate travel market in recent months underpins the strong performance reported today. Coupled with the benign winter weather which saw far lower levels of weather-related disruption than in previous years, the first quarter has set us on course for continued growth throughout the year.
Our ongoing programme of investment spans every area of our business from our fleet of trains to the stations from which they operate. Eurostar travellers are already witnessing the output of these initiatives such as the recent introduction of a brand new staff uniform design. With many more initiatives scheduled to come online during our twentieth year of operation, 2014 is gearing up to be a watershed moment in Eurostar’s history. “, said Nicolas Petrovic, Chief Executive, Eurostar.