UK hotels enjoy uplift in profits

Strong December results contributed to a great year for the UK hotel industry, according to the latest data from HotStats.

Waldorf Astoria Edinburgh – The Caledonian
Waldorf Astoria Edinburgh – The Caledonian

Hoteliers across the UK saw an increase in gross operating profit per available room in 2014, with Leeds recording the biggest increase, up 17% on 2013.

Despite occupancy remaining virtually flat in Edinburgh at 79.3%, hoteliers managed to drive up the revenue per available room by increasing rates for tours/groups (+7.8%) and corporates (+5.8%).

The South West also brought its share to the nation’s success with gross operating profit per available room increasing by 9%.

In Europe, Amsterdam and Brussels were amongst the best performing markets, achieving year-on-year growth in gross operating profit per available room of 38.6% and 34.2% respectively.

December was a challenging month for hotels in Barcelona and Zurich with revenue per available room from meeting room hire down 37.9% in Barcelona compared to 2013. However, both cities overall results for the year were much more positive, with increases in all key performance indicators.

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