Hollywood Bowl Group, one of the UK’s largest tenpin bowling operators, has announced revenues have grown by more than 10 per cent for the first half of 2023.
Group revenue has grown to £111.1m versus the first half of 2022, with like-for-like revenue growing by 3.5 per cent.
The company brought in £12.2m of revenue from its recently acquired Canadian businesses, which the company says “is in line with management’s expectations.”
Seven centres were refurbished by the company during the period, with two new centres opening. A further two new locations are set to open in the second half of 2023.
Hollywood Bowl Group recently exchanged on its 10th Canadian location and the company says it is well-placed to continue building the new site pipeline.
It has also invested in green technologies, installing solar panels on four of its locations.
48 of the group’s locations now utilise string pinsetters, modernising the operators offering.
Stephen Burns, chief executive officer at Hollywood Bowl Group, said: “We are delighted with our record performance in the first half of the year. Our improvement on what was already an impressive prior year reflects the huge customer appeal of our great value for money offer at a time when many consumers are being more selective with their time and money. Our team members have been working tirelessly to deliver the best possible experiences for our customers and I am proud of the way they have stepped up. We are a people-focused business and a key priority for us is to support our teams, allowing them to thrive and develop their careers.
“We are excited about the significant growth opportunities ahead - our highly cash generative business model and insulation from cost of goods and energy inflationary pressures, leaves us well-placed to continue to expand and invest in our portfolio, both in the UK and Canada. We were thrilled to see so many families enjoying themselves at our centres during February half term and were pleased to welcome many more over the Easter break.”
