Profits up at Savoy Group
13 July 2000
The Savoy hotel group this week reported increased turnover and gross trading profit in the year to 31 December.
Turnover was up 6.8% to £120.6m at the mainly London-based luxury hotel group, with gross trading profit up by 18.2% to £47.4m. Revenue per available room was up by 7.1% to £226.
There was capital investment of £13.8m in the group in 1999, including 10 new rooms at the Berkeley, the Lancaster Ballroom and private rooms at the Savoy.
