The Savoy Hotel sheds jobs as losses widen October 13, 2025 Losses widened at The Savoy Hotel as it shed jobs during its latest financial year while a major renovation project started. The five-star London hotel has posted a pre-tax loss of £19.6m for 2024, having also lost £17.5m in 2023. The last time The Savoy Hotel made a pre-tax profit was the £5.9m it reported [...]
The Dorchester owner returns to the black October 8, 2025 The owner of five-star London hotel The Dorchester has returned to the black despite its revenue falling in 2024. New accounts filed with Companies House show the Dorchester Group posted a pre-tax profit of £3.1m for its latest financial year. The total is up from the pre-tax loss of £5.2m that it fell to in [...]
Chiltern Firehouse: Reopening date revealed after major fire October 6, 2025 A luxury London hotel popular with celebrities won’t reopen until April 2027 after a large fire earlier this year, it has been confirmed for the first time. Chiltern Firehouse in Chiltern Street, Marylebone, closed on 14 February after flames ripped through the Victorian four-storey building. The fire damaged parts of the ground floor, half of [...]
Claridge’s: Five-star London hotel falls into the red October 6, 2025 Claridge’s, the iconic five-star London hotel, has slipped into the red despite its revenue rising during its latest financial year, it has been revealed, amid major redevelopment work. For 2024, the hotel has posted a pre-tax loss of £5.4m, down from the £7.2m pre-tax profit it achieved in 2023. However, new accounts filed with Companies [...]
Hotel demand ‘holds strong’ while staff costs eat into profit October 1, 2025 Demand for UK hotels rose in August, although higher staff costs means that hoteliers saw profit drop. Occupancy increased from 81.4 per cent to 82.1 per cent in August year-on-year, and rose slightly from 84.2 per cent to 84.5 per cent in London, according to RSM and Hotstats. But room rates remained flat as consumers [...]
The Ritz: Luxury London hotel makes fifth consecutive loss September 29, 2025 The Ritz hotel in London has made a loss for the fifth year in a row despite its turnover jumping in 2024, it has been revealed. The five-star hotel has reported a pre-tax loss of almost £3m for its latest financial year, down from the £10m loss it posted for 2023. The Ritz also made [...]
Huge losses continue at Haven owner as hundreds of jobs created September 24, 2025 The group behind Haven holiday parks and Warner Leisure Hotels continued to make huge losses in 2024 despite its turnover jumping by almost £100m. Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of nearly £170m for its latest financial year, having also lost £166.5m in 2023. However, new accounts filed [...]
Losses balloon at Ryder Cup host Celtic Manor Resort September 9, 2025 Losses have ballooned at the company behind the former Ryder Cup host Celtic Manor Resort despite its revenue rising during its latest financial year, it has been revealed. The five-star golf, spa and hotel destination, which is located near Newport in Wales, has posted pre-tax losses of £11.3m for 2024, according to new accounts filed [...]
One in five hospitality firms have no cash reserves after tax raid August 20, 2025 A fifth of British hospitality businesses have no cash reserves left and nearly eight in 10 have raised prices as they battle to shoulder the succession of cost hikes placed on them at last year’s autumn Budget. Fresh data from four of the sector’s trade bodies showed that 69 per cent of members have less [...]
Soho House: How billionaire Tyler Morse and his former boss are buying up London August 19, 2025 Soho House marked the end of its four-year spell on the Nasdaq this week after it reached an agreement to be taken private by US hotel giant MCR in a $2.7bn (£2bn) deal. The swish members’ club, which was founded in Soho’s Greek Street by restauranteur Nick Jones in 1995, has grown into a sprawling [...]