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.