Tam's Tall Tales

- Cheaper Oil Hits Aberdonian Hotels

Aberdeen Harbour from the Air
© Scotavia.com

Cheaper Oil Hits Aberdonian Hotels
The hotel sector in Scotland's energy capital has recorded a major slump in occupancy and revenue in May as the low oil price continues to take its toll. The graphic here is of the hotel at the Aberdeen Exhibition and Conference Centre.

A new report states that year-on-year occupancy in Aberdeen dropped 17.5 per cent to 62.5 per cent, whilst the cost per average room fell almost one third to 52.45.

By contrast, strong increases in hotel revenue were recorded in Edinburgh, Glasgow and Inverness, rising up to 10 per cent year-on-year. The graphic here is of the Balmoral Hotel, Edinburgh.

The figures, by accountants and business advisers BDO, come on the heels of another recent report blaming the slowdown of the North Sea oil sector in a slump in the volume of property sales in the Aberdeen area.

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Tam O'Ranter

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