• Peel profits up despite ‘oversupplied’ market

Peel profits up despite ‘oversupplied’ market
Peel Hotels reported pre-tax profit up 33.4% on the year in the first half of 2010 to £102,379, with a like-for-like increase of 6% on revpar.

Occupancy was up 11.4% and average room rate down 4.8%. Chairman Robert Peel said: "An ever tightening cost base together with innovative marketing techniques are required to counter-balance what is an essentially oversupplied provincial market place within a cost cutting commercial and government environment."

See the full release here:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10686505

Share →