Macdonald Hotels returns to profit

New hotel recruitment opportunities could arise at Macdonald Hotels after the group announced a return to profit in its latest full-year results.

The company posted a pre-tax profit of £1.9 million for the year to March 29th 2012, having recorded a £5.3 million loss for the corresponding period the year before.

It comes after Macdonald invested in upgrades to the conference facilities at its hotels, enabling it to take a bigger share of the commercial market where budgets remain constrained.

The company has also invested in a revenue management system which helped it boost room rates by four per cent over the year, reports The Herald.

However, chief executive David Guile remains cautious about the outlook for the year ahead.

He told the newspaper: "The marketplace is still very tough and we do not expect to see that changing through 2013 and beyond."

Mr Guile claimed that the Olympic Games held during the summer had been negative for the business overall, as it deterred usual leisure travellers.

However, certain hotels, such as its sites at Windsor, near the rowing event and Manchester, which hosted a group of Paralympic athletes, had benefited.

Macdonald Hotels, which operates 45 hotels across the UK, saw venues in city centres in England perform the best in the year to the end of March, said Mr Guile, while business was slower in parts of northern England and Scotland.

"Edinburgh in the current year is holding up fine, he said. "The central belt is flat year on year but at Aviemore we are seeing some really strong growth."

Meanwhile, Macdonald Hotels, which is currently joint-owned by Lloyds Bank, is in talks with the bank about refinancing its £314 million debt facility.

Finance director Gordon Fraser told the newspaper: "We could reach an agreement with them [Lloyds] tomorrow. But the important thing for our business is to strike the best deal we can."

Berkeley Scott is a specialist recruitment agency providing hotel management solutions