• 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."

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