Britannia Hotels sees fuel cost increase as ‘an opportunity for improvement’

Britannia Hotels has described the increase in fuel costs as “an opportunity for improvement” in its financial results for the year ended 31 March 2021.

In documents filed with Companies House, the business said: “We have already set up new systems and monitoring in order to reduce consumption of utilities across all sites which will both enable cost savings and reduce our energy consumption.”

For the year, the company’s sales reduced 68%, reflecting impact of Covid, after having grown 4% in 2020. The business reported turnover of £38.3m, down from £120.5m the prior year, and a pre-tax loss of £9.5m.

Despite this, directors expressed confidence that the business was “well placed to meet the challenges including the current geopolitical uncertainty, cost of living crisis and the continuing impact of the Covid 19 pandemic”.

The average number of employees at Britannia Hotels during the year was 1,765, compared to 2,740 the prior year.

Britannia Hotels has been voted the worst UK hotel chain for the last nine years, according to Which? Travel.