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The Celtic Manor Resort has revealed it has returned to profitability with pre-tax profits of £1.7m after posting a loss of £12.9m in 2020.
The document filed on Companies House revealed it recorded turnover of £41.6m, nearly double the £21.6m reported the prior year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) hit £6.6m compared with a loss of -£4.4m in 2020.
Average occupancy for the Celtic Manor resort last year was 50% compared with 34% in 2020, with an average room rate of £135, up from £88 the prior year.
Total revenue per available room for the resort hotel was £219, against £113 the prior year.
Celtic Manor Resort also saw the group commence in its first hotel management contact with the opening of Parkgate Hotel in Cardiff.
