MILLENNIUM & Copthorne Hotels has reported an 11% dip in pre-tax profit from £193.3 million to £171.3m.
The company, which includes the Millennium in Glasgow and the Copthorne in Aberdeen in its portfolio, saw total revenue slide from £820.5m to £768.3m in 2012.
On a like-for-like constant currency basis revenue was up 1.1% from £753.8m to £762m. Revenue per available room rose from £64.81 to £67.32 thanks to higher average rates, particularly in London, Singapore and at other outlets in Asia.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
