Business travel boosts Eurostar

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  • xman
    Admin
    • Sep 2006
    • 24007

    Business travel boosts Eurostar

    14 January 2011 Last updated at 02:45 ET Eurostar has said a continued recovery in business travel had helped it see a 12% rise in annual revenue.

    Ticket sales rose to £760m in 2010 from £675.5m the previous year, the company said.

    Passenger numbers also increased by 3% to 9.5 million, compared with 9.2 million in 2009.

    The group said more people were choosing to travel beyond Paris and Brussels to destinations in the South of France, Germany and the Netherlands.

    "This uplift [in sales] is due to the continued recovery of the business market that has been a trend through the year as well as growth in the overall number of passengers choosing high-speed rail over plane for short-haul travel in Europe," the company said.

    And Eurostar's chief executive Nicolas Petrovic said he saw "considerable potential for growth and expansion".

    In October, the group announced an investment programme of £700m, which is due to begin this year and will see the complete overhaul and redesign of its existing fleet, and the purchase of ten new trains.

    At the moment Eurostar is the only company that runs passenger train services through the Channel Tunnel, but German train operator Deutsche Bahn has said that it will run direct services from London to Frankfurt and Amsterdam from 2013.





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