Crieff Hydro reports 6% growth, as revenues top £18.8m

Crieff Hydro, Scotland’s oldest registered trading company, this week released annual accounts for the year ended 28 February 2014, which a six per cent growth in revenues to £18,845,916. 
 
Underlying profitability before deduction of exceptional costs was up 4.8 per cent to  £663,615 with growth driven by continued re-investment including a capital investment spend in the year of £1.74m.
Investments have included the opening of a new family oriented food outlet, Piccolo, the launch of aerial adventure course, Aloft! and a rolling programme of bedroom and self-catering refurbishment at the spa hotel and conference centre.  
 
Average room rate rose three per cent, with room yield up seven per cent, the latest accounts revealed.

Meanwhile, the annual Business Tourism Scotland Conference takes place at The Assembly Halls in Edinburgh on 2 December.

This year, the day-long conference is being chaired by BBC Radio Scotland’s Louise White, and will feature keynote speakers, including psychologist Jonathan Bradshaw; Ben Hammersley, an expert on the internet and digital network effects on society; Banks Sadler MD David Campbell and Paul Miller, a director of SPECTRA, a Destination Management Company.

Mike Galloway, Director of City Development at Dundee City Council and Philip Long, Director, V&A at Dundee will also speak at the conference. Their topic: ‘The New Bilbao, Dundee’ will explore the view that Dundee bears a resemblance to the Spanish city of Bilbao. Both areas have redefined themselves through culture.

Dundee’s cultural renaissance continues, with The Waterfront undergoing a £1bn redevelopment that includes as its centrepiece the V&A Dundee, the first dedicated site for the V&A outside of London.
Karen Tocher, Business Tourism Manager at Dundee & Angus Convention Bureau, says: “The economic benefit generated by business tourism per annum in Dundee and Angus is over £56m, and, with 17 per cent of total visitor expenditure in Dundee and Angus as a direct result of business tourism. The Business Tourism Scotland Conference allows us at Dundee & Angus Convention Bureau to share our best practices, and network with other industry professionals.”

Other key industry stakeholders attending the Edinburgh conference include VisitScotland Business Tourism, Scottish Enterprise, Marketing Edinburgh, Glasgow City Marketing Bureau and VisitAberdeen.

Do you have news for CN? Email: pcolston@mashmedia.net

Paul Colston

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Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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