Kursaal Bern – multi-million modernization is focussed on the future

For the Kursaal Bern – one of Switzerland's leading international event and hospitality venues – the year 2012 was highlighted by the successful completion of an extensive multi-million modernization programme. As expected, the months of partial closure impacted negatively on revenue. But strong recovery is already under way and a return to profitability is predicted by the end of 2013.

The Kursaal Bern's ambitious two-year modernization programme ended in August 2012 with the opening of its new state-of-the-art Congress Centre, the largest and most modern in the Swiss Mittelland region. The in-house Grand Casino celebrated its 10th anniversary with extensive re-design and a one-third expansion. And November saw the opening of the Casino Neuchâtel.
Today the Kursaal Bern is well equipped in all its key sectors – hotel, gastronomy, seminars, events, congresses, casinos and catering – to face the future with confidence and achieve sustained success. The company meets the highest international requirements in respect of quality standards and services, thus facilitating access to new markets. Since the opening of the new Congress Centre, the Kursaal Bern has succeeded in attracting an average of some 2000 guests per day.
The focal point of the new Congress Centre – the 1500-capacity Arena – was out of operation for two-thirds of 2012 due to the reconstruction programme. This not only incurred considerable one-off
investment costs but also resulted in a reduction of revenue.  Following the re-opening of the Congress Centre, last quarter turnover showed a strong improvement but could not compensate for the weaker previous months.  As a result the Kongress + Kursaal AG parent company recorded a loss in 2012 of CHF 1.4 million. For 2013, a return to profitability is confidently predicted. 
 
Successful subsidiaries
Subsidiary companies performed well in 2012. The 4-star superior lifestyle Hotel Allegro Bern
registered 57,472 overnights and a rise in turnover of 1.94% to CHF 9.6 million. The Grand Casino Bern generated gross income of CHF 57.12 million. The newly-opened Casino Neuchâtel recorded turnover of CHF 1.7 million in its 38 days of operation by the end of the year. Together with its subsidiaries, the Kongress + Kursaal Bern registered total turnover last year of CHF 70 million – an increase of 4.2%. Personnel costs (498 permanent staff and 400 temporary staff) increased to CHF 31.8 million.

Press release (PDF)
 
Further information:
Kongress + Kursaal Bern AG
Alexandra Maurer, Head of Communications
Tel. +41 (0)31 339 52 06, E-Mail: alexandra.maurer@kursaal-bern.ch



 

Annual report 2012