Just over a month ago, citizens of Scotland voted to remain part of the United Kingdom. Since then, the country's hotels have seen an notable increase in profitability.
By the Numbers
Scottish hoteliers saw a 27.3 percent surge in gross operating profit per available room (the Total Gross Operating Profit for the period divided by the total available rooms during the period) according to the latest data from HotStats. With occupancy remaining virtually flat, hotels in Scotland increased average room rate (ARR) by 21.7 percent, resulting in rooms revenue per available room climbing by 21.6 percent to £98.56.
Besides food and beverage, all non-rooms departments recorded positive performances leading to a 13.6 percent growth in total revenue per available room (TRevPAR).
"Astute payroll and operating cost control" (as HotStats phrased it) helped to enhance departmental operating profit per available room (DOPPAR) by 20.0 percent to £97.97, and while overheads per available room jumped by 7.3 percent, GOPPAR went up by 27.3 percent to £67.74.