According to the latest stats from Accountants BDO, Scottish hotels are still performing better than the rest of the UK (outside of London). Overall Scottish occupancy figures for October at 80.9% compared with 76.1% occupancy in England and 75.3% for Wales. Occupancy was highest in Edinburgh at 84.5%, followed by Glasgow at 83.8%, Inverness at 82.4% and Aberdeen at 81.5%.
Scottish hotel rooms yield rose by 9.8% to £58.68 compared with an average of £47.46 reported for regional UK. The room yield average for regional England was £45.15 and in Wales the average was £40. Aberdeen hotels reported the highest average room yields in the UK outside of London for the month, up 11.9% to £75.97. However Glasgow hotels reported a 0.4 per cent dip in room yields to £53.61.
Alastair Rae, partner in BDO’s property, leisure and hospitality division, said: “The excellent performance in the hospitality sector continued throughout the autumn, with most of Scotland producing very strong figures for the late period in the year.
“In particular, Aberdeen continues to do well on the back of the oil and gas sector and expanding conference market..”
Rae added: “Edinburgh’s tourist season is almost year round now.
“Visitor numbers were buoyant during October, resulting in sustained high levels of occupancy and revenue. The Scottish capital achieved the fifth highest revenue levels after Aberdeen, Oxford, Bath and Windsor.
“The good news is that there seems to be little sign of this level of business abating as the year drew to a close.
“The main improvement appears to be in the budget which saw strong increases in both occupancy and revenue. The premium end of the market exhibited some discounting in order to sustain occupancy levels.”
Scotland’s hotels continue to outperform rest of UK
