Dorchester Collection reports 39% profit leap

Global hotel group, the Dorchester Collection of 10 hotels has reported pre-tax profits have risen by 39.3% to £36.8m, during 2013, with an occupancy rate of 72% (69%: 2012).

The company operates three five-star hotels in the UK - the Dorchester hotel and 45 Park Lane (pictured) in London and Coworth Park in Ascot. The average room rate increased from £518 to £535 and revenue per available room rose from £359 to £386 during the same period.

Annual turnover for 2013 fell to £302m from £304.5m in 2012 when the UK hotels received a boost from the London Olympics and the Queen’s Golden Jubilee celebrations.