But, total reported revenues decreased to £997 million from £1 billion. Pre-tax profits fell 28% to £106 million.
Millennium & Copthorne Hotels, which also runs Bailey’s Hotel in Kensington, had a number of one-off costs during the period, including lost revenues from the Mayfair hotel in Grosvenor Square, which has been closed since November 2017 for a large refurbishment.