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 [...]
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 [...]
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 [...]
Corinthia London: Profit slashed at five-star hotel despite revenue spike August 14, 2025 Profit has been slashed at five-star hotel Corinthia London despite its revenue spiking by 80 per cent, it has been revealed. The hotel, which is located on the corner of Northumberland Avenue and Whitehall Place, has posted a pre-tax profit of £67,600 for 2024, new accounts filed with Companies House show. The figure is down [...]
Sir Rocco Forte enjoys record pay day after hotels empire deal August 13, 2025 The hotels group founded by Sir Rocco Forte has issued a record dividend for the first full year after Saudi Arabia’s Public Investment Fund (PIF) became a major shareholder. Rocco Forte Hotels has paid out dividends totalling £8.9m for the year to 30 April, 2025, to its shareholders. The international hotels group, which is headquartered in [...]
Tourists help boost luxury London hotels despite widening losses July 23, 2025 Losses have widened at a luxury London hotels group despite international tourism helping to boost its sales to a new record. Firmdale Hotels, which was founded by Tim and Kit Kemp, has fallen to a pre-tax loss of £30.4m for its year to 31 January, 2025, new accounts filed with Companies House show. The total [...]
London hotel rates quintuple amid supersonic Oasis demand July 22, 2025 London hotel rates have soared as Oasis fans pour into the capital for a string of shows at Wembley. The average cost of room rates in Wembley jumped to £560 for Friday, 25 July, compared to £114.83 for the following week, according to consulting firm RSM UK. “The impact of this iconic band reforming brings [...]