Hotels

Gleneagles Hotel profits jump 39% in 2018

The Gleneagles Hotel in Perthshire, Scotland, has reported “another strong year” in 2018, with turnover growing 8% to £55m and operating profit increasing by 39%.

Hotel guest numbers were also buoyant in 2018, up by 3% on the previous year, with a particular increase in guest numbers from North America during the summer months.

Revenue in 2018 was also supported by a higher number of guests served in its restaurants and bars and a greater array of leisure activities being enjoyed in the hotels “Glorious Playground”.

Developments continued apace in 2018, and it added a new suite of meeting rooms, with other substantial refurbishments in the year included the Dormy restaurant and 59 bedrooms in its Braid House. The results included a capital write off of £1.4m which is reflective of the pace of change as previous assets are written down to make way for new Investments.

A statement by the group read: “Notwithstanding the continued exciting changes to Gleneagles, our primary purpose is to deliver the very best experiences to our guests and to build on our worldwide market leading reputation.

“We are delighted this has been recognised in many awards including Best Golf Resort in the World at the Daily Telegraph ULTRA 2018 awards for a remarkable seventh year, and the Best UK Holiday Hotel at the Conde Nast Traveller 2018 Readers’ Travel Awards.”

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