The Federation of Small Businesses (FSB) Scotland has cautioned that the rushed introduction of the UK’s first Visitor Levy could severely disrupt Edinburgh’s accommodation sector.
Scotland’s hotel market enjoyed a buoyant 2024, with transaction volumes for deals over £1 million having reached £431m, a 38% increase on 2023 and significantly above the 10-year average of £282 million, according to Savills.
Edinburgh councillors are a week away from potentially approving Scotland’s first Visitor Levy, a scheme aimed at raising up to £50 million annually through a 5% charge in addition to the cost of overnight accommodation.
Crerar Hotels Group, which comprises seven award-winning hotels and inns, has reported a 9% increase in turnover and a £1.93 million rise in EBITDA, fuelled by a steady stream of guests across its portfolio.
Highland Coast Hotels has appointed its first managing director to drive growth for the group on the North Coast 500 (NC500), which celebrates its tenth anniversary in 2025.
Mild weather and the October half term has seen Scotland’s hotels buck the seasonal trend, maintaining strong levels of occupancy and gross operating profits, according to the RSM Hotels Tracker.
Specialist fit-out contractor Thomas Johnstone Ltd has been appointed as the main contractor for a multi-million-pound refurbishment project at Crieff Hydro Hotel in Perthshire.
Asset management company The Seventy Ninth Group has strengthened its portfolio of leisure and holiday parks with the acquisition of a £15 million project in Drumnadrochit on the shores of Loch Ness
Glasgow businessman David Low has sold The Arlington, an iconic Glasgow pub he purchased three years ago, for an undisclosed sum to experienced operator Peter Di Ciacca, owner of Riva Restaurants.