Published Date:
07 November 2008
HOTEL operator Millennium & Copthorne said revenues fell in October as the deteriorating economic outlook took its toll, particularly at the group's New York hotels.
The decline in sales overshadowed a 4.2 per cent increase in pre-tax profit to £30 million in the third quarter.
M&C, which has hotels in Aberdeen and Glasgow, said revenue per room grew by 4 per cent on a constant currency basis in the three months to the end of September.
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Last Updated:
06 November 2008 9:54 PM
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Source:
The Scotsman
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Location:
Edinburgh
