EEF Venues’ first quarter trading results show a 12 per cent increase in sales revenue over YTD figures for the same period last year. The increased sales are right across the group’s three AIM-Gold accredited venues; Broadway House (Westminster), Engineers’ House (Bristol) and Woodland Grange (Leamington Spa). The double digit growth significantly surpasses UK GDP growth for the first quarter of 2014.
David Vaughton, director of venues for EEF Venues, said: ”We usually use GDP growth rate as a bench-mark as we find that improving performance and optimism in the manufacturing and construction industries can impact positively on the conference and venues market. To have out-performed British economic growth is beyond our expectations, and we predict similar success throughout our second quarter.”
David attributes the strong trading results to a combination of several factors. He explained: ”Increased corporate confidence, coupled with sharper and more proactive negotiating skills and better levels of engagement have all impacted positively on our results this quarter.”
Named ‘No 1 Small Group’ and ‘Best Value for Money Group’ in the BDRC VenueVerdict Awards earlier this year, EEF Venues reports these significant increases across multiple income streams including residential and non-residential conference bookings.
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