Hollywood Bowl plans more sites as it hails record period for revenue
Hollywood Bowl has continued its expansion as it celebrates a period of record revenue.
Construction of a Hollywood Bowl in Merry Hill and a combined Hollywood Bowl and Puttstars offering in Colchester is expected to begin later this year.
In the six months to March 31, the leisure operator refurbished seven sites and launched two, with the opening of Hollywood Bowl Speke and Puttstars Peterborough.
The group has also pushed on with its global expansion, having exchanged on its tenth site in Canada and generating £12.2m (CAD 19.8m) of revenue in the period.
Stephen Burns, Hollywood Bowl CEO, said: “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.”
For the first half of its 2023 financial year, the group recorded a record revenue of £111.1m, up 10.9% against the first half of 2022