Macdonald Hotels has seen its sales and profits grow in its last fiscal year.
The hotel group posted profits after tax of GBP1.9 million for the year ending 29 March 2012, up from the GBP5.6m loss posted for the period up to 31 March 2011.
David Guile, chief executive of Macdonald said its strategy of staff training, IT investment and hotel renovations had helped boost its customer satisfaction and results. The group has spent around GBP13m on hotel and room refurbishments and new reservation and revenue management systems.
“On a like for like comparison of our trading results, we increased our group turnover by 2% to GBP139.5m and our operating profit before interest by 3% to GBP13,7m, outperforming the market on both rooms yield and operating profit growth baed on the TRI industry comparatives,” he added.
The group’s finance director Gordon Fraser said the company is on track to confirm a long term debt arrangement later this year with space for more capital expenditure.