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Groupe Pierre & Vacances CenterParcs Third quarter 2020/2021 revenue Third - quarter affected by lower activity due to the Covid - 19 crisis . Increase in reservations for the fourth quarter . Paris , 20 July 2021 1 ] Third quarter 2020/2021 revenue Under IFRS standards , Q3 2020/2021 revenue totalled € 172.5 million ( € 134.4 million for the tourism activities and € 38.0 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 entity . The entity includes the contribution from leases taken out by the PVCP Group 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 . € millions 2020/2021 according to operating reporting 2019/2020 according to operating Change 2018/2019 according to Change vs. 2018/2019 vs. 2019/2020 operating reporting reporting Tourism 139.3 51.6 + 169.6 % 335.3 -58.5 % - Center Parcs Europe 90.8 32.0 + 183.6 % 202.0 -55.1 % - Pierre & Vacances Tourisme Europe 31.6 12.6 + 151.5 % 81.2 -61.1 % - Adagio 16.9 7.1 + 138.7 % 52.1 -67.6 % o / w accommodation revenue 93.0 32.7 + 184.1 % 227.7 -59.1 % - Center Parcs Europe 61.5 22.7 + 170.8 % 135.8 -54.7 % - Pierre & Vacances Tourisme Europe 17.7 4.9 + 265.0 % 47.5 -62.6 % - Adagio 13.8 5.2 + 166.2 % 44.4 -69.0 % Property development Total Q3 Tourism 65.4 58.0 12.8 % 36.1 + 81.0 % 204.7 109.6 + 86.7 % 371.5 -44.9 % 304.3 599.1 -49.2 % 878.8 -65.4 % - Center Parcs Europe 184.0 352.7 -47.8 % 502.0 -63.3 % - Pierre & Vacances Tourisme Europe 77.9 164.6 -52.7 % 243.3 -68.0 % - Adagio 42.3 81.8 -48.2 % 133.5 -68.3 % o / w accommodation revenue 201.3 399.8 -49.6 % 595.2 -66.2 % - Center Parcs Europe 126.3 234.0 -46.0 % 333.2 -62.1 % -Pierre & Vacances Tourisme Europe 41.1 97.1 -57.6 % 147.5 -72.1 % - Adagio 33.9 68.7 -50.7 % 114.5 -70.5 % Property development Total 9 months 197.6 206.6 -4.3 % 230.8 -14.4 % 501.9 805.7 -37.7 % 1,109.6 -54.8 % 1