Britannia Hotels sales soar 300%
Britannia has a portfolio of 64 hotels across the UK and recently acquired the Midland Hotel in Bradford from Peel Hotels
Britannia Hotels has seen its sales soar 300% for the year ended 31 March 2022 compared with a 68% decrease in 2021.
As a result of this the company posted a pre-tax profit of £33.4m up from a loss of £9.5m in 2021.
The company, which has been voted the worst hotel chain in the UK for 10 years straight, saw its turnover rise to £117,847, up from £38,311.
The company stated: “The directors remain confident that the company is in a good position to meet challenges and opportunities of the future. The hotels have managed to maintain their competitive edge through the economic downturn and continue to take steps designed to attract new business and improve market share going forward.
“The directors have carefully considered the availability of working capital and likely levels of trading over the next 12 months. They are confident that the business is well placed to meet the challenges including the current geopolitical uncertainty, cost of living crisis and the continuing impact of the Covid-19 pandemic.”
Britannia has a portfolio of 64 hotels across the UK and recently acquired the Midland Hotel in Bradford from Peel Hotels.
