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The Gleneagles hotel has announced a pre-tax profit of £7m, up from a loss of £9m last year, for the year ended 31 March 2022.
The resort in Scotland stated that it had “felt the impact” of the pandemic this financial year as it did not reopen until 26 April 2021 and operated under restrictions for several months.
Despite this, the hotel still posted turnover of £69bn, up from £20bn last year, and operating profit of £9m compared to a loss of £7m last year.
It attributed the performance to the “staycation boom” in the summer of 2021, with international covid restrictions preventing many people from holidaying abroad.
So far the hotel believes its outlook for the next financial year is strong and that changes to its approach around staff recruitment have led to that being less of a problem than it was in the year to March 2021.
