Demand for the Pig remains high as turnover increases 20%

10 October 2017 by
Demand for the Pig remains high as turnover increases 20%

The opening costs of the 27-bedroom Pig at Combe dug into the 2016 profits of Home Grown Hotels, according to the group's annual report lodged at Companies House.

Overall, turnover for Home Group Hotels, parent company of the Pig, climbed 20% to £17.1m, with pre-tax profit falling from £969,813 in 2015 to £40,004 last year.

The Pig on the Beach repeated its success from 2015 as the hotel in the group with the highest occupancy at 96%, while revenue increased 2.2% to £4.7m and EBITDA remaining flat at £1.3m. Average daily number of covers served at the hotel was 166.

Occupancy at the original 31-bedroom Pig, near Brockenhurst in the New Forest achieved a 7.2% increase in turnover to £5m and an average occupancy of 93% (down from 94% the previous year). EBITDA grew 9% to £1.2m.

The 29-bedroom Pig near Bath generated a 7.1% revenue increase to £4.7m, EDITDA of £1m (down by 5.6%) and occupancy of 92% (2015: 91%). Average number of covers served daily was 158, up from 154 the previous year.

Demand for the business, which includes the 12-bedroom Pig in the Wall bed and breakfast operation in Southampton, has remained strong throughout 2017. The company is now looking to expand to sites in Kent and West Sussex.

Home Grown Hotels was launched by Robin Hutson in 2011 with the opening of the Pig in Brockenhurst.

Hotel design: The Pig at Combe >>

Tom Ross appointed group operations director of Home Grown Hotels >>

Turnover at the Pig's parent company climbs to £14.2m >>
Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking