Search
The Caterer

Flat profit at Gleneagles due to Ryder Cup preparations

09 April 2013 by
Flat profit at Gleneagles due to Ryder Cup preparations

Preparations for the Ryder Cup next year has resulted in Gleneagles recording a flat profit of £591,000 for the year to 30 June 2012.

Increased costs have included £405,000 being spent on the redesign of the 9th and 18th holes and improvements to drainage on the PGA Centenary Course.

Meanwhile, turnover for the 12 month period increased by 3% to £36.7m, largely attributable to improved revenues in the restaurants, bars and leisure facilities at the five-red-AA-star, 232 bedroom resort in Auchterarder. Room sales remained broadly level with the previous year, while overseas bookings rose by 4%.

Looking ahead, David Kemp, Gleneagles's financial director, said that the hotel is currently experiencing "a small upswing in business volumes", while continuing to invest in the business.

"Priorities for the current year include further investment in all of our golf courses and in infrastructure for the Ryder Cup; an exciting £4.5m refurbishment of our Club leisure pool facilities; and on-going rolling room refurbishments. "

The Ryder Cup will be hosted at Gleneagles in September 2014.

The Hot Scots Power 40: Andrew Fairlie, Restaurant Andrew Fairlie at Gleneagles >>

Exciting Ryder Cup boosts bookings for Celtic Manor >>

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

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.