Macdonald Hotels 2012 financial results show rise in profit

Macdonald Hotels, which has properties across the UK, has reported a profit after tax of £1.9m.
 
The result, for the year ended March 2012, compares to a loss of £5.6m for the previous period to March 2011.
 
Macdonald Hotels’ Chief Executive David Guile said: “On a like-for-like comparison of our trading results, we increased our group turnover by two per cent to £139.5m and our operating profit, before interest, by three per cent to £13.7m, outperforming the market on both room yield and operating profit growth based on industry comparatives.
 
“In persistent challenging economic conditions this strong performance is due to sheer hard work and dedication of all our people throughout the business. We have continued to invest in our people, our IT and web infrastructure and our hotels. We are now seeing the benefits of this strategy, not only in our results, but also in continuing to improve quality of our customer experience.”
 
During 2012 Macdonald Hotels invested £8m in capital projects, encompassing hotel refurbishments, central reservations and revenue management systems. The group further invested in the redesign and refurbishment of the ground floor public areas at the Macdonald Tickled Trout Hotel in Preston, which has since been upgraded to four stars by the AA. The group has also expanded the spa facilities and doubled the number of treatment rooms at the Macdonald Hill Valley Spa Hotel and Golf in Shropshire.
 
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Paul Colston

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Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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