BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific Arabic Spanish Russian Chinese Welsh
BBCi CATEGORIES   TV   RADIO   COMMUNICATE   WHERE I LIVE   INDEX    SEARCH 

BBC NEWS
 You are in:  Business
Front Page 
World 
UK 
UK Politics 
Business 
Market Data 
Economy 
Companies 
E-Commerce 
Your Money 
Business Basics 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 


Commonwealth Games 2002

BBC Sport

BBC Weather

SERVICES 
Monday, 4 March, 2002, 18:12 GMT
Tourism downturn hits Thistle Hotels
News-in-brief graphic
Profits at Thistle Hotels tumbled 28% last year as tourists shunned the UK following the foot-and-mouth outbreak and the events of 11 September.

The hotel chain also said revenues were down during the first eight weeks of 2002, but that the outlook was beginning to brighten.

"If the economic news continues to improve and airline passenger numbers continue to grow we will see that translate into better occupancies at our hotels," said chief executive Ian Burke.

Pre-tax profits fell to 49.1m in 2001, from 68.2m the previous year.

Thistle owns 56 hotels, 22 of which are in London. The London hotels suffered more than the provincial ones because of the downturn in tourist numbers from the US.

Shares in Thistle Hotels closed up 6p at 139p.

See also:

23 Jan 02 | Business
UK bids to woo back tourists
12 Sep 01 | Business
Global air travel shut down
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories