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Aberdeen hotel sector revenues ‘still falling’ according to experts

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Aberdeen hotel sector revenues ‘still falling’ according to experts

Aberdeen’s hotel sector has suffered double-digit drops in occupancy and revenue for the third month in a row, according to a survey. Business advisers BDO found year-on-year occupancy in the city fell by 13.4% to 68.5% in June.

Rooms yield also fell by 22.1% to £61.32.

BDO said there were “clear signs” that the sector was continuing to be hit by cost-cutting measures in the oil and gas industry.

Aberdeen’s performance contrasted sharply with strong increases in hotel revenue in Glasgow, Inverness and Edinburgh of 21%, 15.6% and 8.9% respectively.

Revenue in Edinburgh was the highest in the UK outside of London, at £86.34

Glasgow had the highest occupancy in Scotland at 91.5%, followed by Edinburgh at 89.1% and Inverness on 87.7%.

While Scotland’s revenue figure of £68.39 was the greatest of any part of the UK, its percentage growth of 6.2% was lower than that of England and Wales.

http://www.bbc.co.uk/news/uk-scotland-scotland-business-34220655

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