Corinthia London: Hotels profit slashed despite revenue spike

▤ Summary

Corinthia London reported that its pre-tax profit fell sharply in 2024 even as revenue rose 80% to £8.4m. The hotel said new executive appointments and a development hire affected its results. The article also notes that the group opened a new hotel in New York through its U.S. subsidiary and secured a large Barclays loan in April. It then places Corinthia London in the context of broader luxury hotel performance at Rocco Forte Hotels and The Ritz.

▦ Linked Companies