Losses at Savoy Hotel widen as major renovation continues
South Wales Evening Post
|October 14, 2025
JON ROBINSON
-
The Savoy Hotel in London
(JOHN KEEBLE)
THE Savoy Hotel has reported an increased pretax loss of £19.6m for 2024, up from a loss of £17.5m in 2023, as it embarked on a significant renovation project and reduced its workforce.
The last time the five-star London hotel posted a pretax profit was in 2006, when it reported earnings of £5.9m in the six months to the end of the year and £7.3m for the year to 30 June. Since then, the hotel's losses have exceeded £554m.
Recent filings with Companies House reveal that the hotel's revenue dropped from £63.3m to £59.7m, while its staff numbers decreased from 500 to 444.
यह कहानी South Wales Evening Post के October 14, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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