Croker's hospitality revenue soars 23pc
Published 18/09/2016 | 02:30
Croke Park bosses are toasting the success of its corporate hospitality, events and catering divisions after a record year.
With all eyes on today's All-Ireland final, GAA chiefs are celebrating a 23pc jump in gross profits in its 'meetings and events' and catering operations to €3.2m last year - up from €2.6m in 2014.
And revenues from the stadium's premium corporate suites - which operated at almost 100pc occupancy in 2015 - jumped 4pc to €11.4m, according to recently filed accounts for 2015.
But overall profits at Pairc An Chrocaigh Teoranta - the company that manages Croke Park Stadium - recorded a significant drop last year.
Consolidated financial statements for the group show net profits fell to €1.5m, a drop from €3.9m in 2014. A €1.5m profit remained after the company distributed €7m to the GAA Ard Chomhairle, the sporting organisation's governing body, and a €1m grant to the Croke Park Museum.
Group turnover was €36.6m, down from €38.2m in 2014 - a 4pc drop.
Croke Park has been investing in its wifi facilties. Today Eir Business launches its first high-density wifi network in Ireland in the stadium's corporate and hospitality suites.
Sunday Indo Business