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Groupe Pierre & Vacances CenterParcs First half 2020/2021 revenue Paris , 14 April 2021 First half revenue harshly affected by the ongoing Covid - 19 health crisis 1 ] First half 2020/2021 revenue Under IFRS accounting rules , H1 2020/2021 revenue totalled € 244.5 million ( € 158.0 million for the tourism activities and € 86.5 million for the property development activities ) . The Group nevertheless continues to comment on its revenue and the associated financial indicators , in compliance with its operating reporting namely : with the presentation of joint undertakings in proportional consolidation , excluding the impact of IFRS16 application Moreover , the operating and legal reorganisation implemented since 1 February 2021 resulting in the regrouping of each of the Group's activities into distinct and autonomous Business Lines , has led to a change in sectoral information in application of IFRS8 . The main consequence for communication of the Group's revenue is the presentation of the contribution from the Adagio operating segment . The segment includes the contribution of sites leased by the PVCP Group , operated under the Adagio brand and entrusted to the joint - venture Adagio SAS for management , as well as the share of the contribution from Adagio SAS held by the Group . A reconciliation table presenting revenue stemming from operating reporting and revenue under IFRS accounting is presented in the appendix at the end of the press release . The Group's activities were harshly affected over the first half of the financial year by the health crisis in Europe and the related restrictive measures imposed by the various European governments . € millions 2020/2021 according to operating reporting 2019/2020 according to operating reporting Change Tourism 62.3 265.5 -76.6 % - Center Parcs Europe 21.4 135.0 -84.1 % Pierre & Vacances Tourisme Europe 28.5 100.2 -71.5 % - Adagio 12.3 30.3 -59.3 % o / w accommodation revenue 38.4 175.1 -78.1 % - Center Parcs Europe 14.6 87.1 -83.3 % Pierre & Vacances Tourisme Europe 14.4 62.5 -76.9 % - Adagio 9.4 25.5 -63.2 % Property development Total Q2 Tourism 67.8 55.5 22.2 % 130.0 321.0 -59.5 % 165.0 547.4 -69.9 % - Center Parcs Europe 93.2 320.7 -70.9 % Pierre & Vacances Tourisme Europe 46.3 152.0 -69.5 % - Adagio 25.5 74.7 -65.9 % o / w accommodation revenue 108.3 367.1 -70.5 % - Center Parcs Europe 64.8 211.3 -69.3 % Pierre & Vacances Tourisme Europe 23.4 92.2 -74.6 % - Adagio 20.1 63.6 -68.3 % Property development Total H1 132.2 148.6 -11.0 % 297.2 696.0 -57.3 % 201748372_1 1