Falling Oil Price Hitting Aberdeen Hotels
Recent analysis by PwC has revealed that the hotel trade and the wider business community is continuing to be effected by the fall in the oil price.
According to PwC, hotels in the city have experienced drops across occupancy levels and revenue up to July 2015.
Levels of occupancy fell by 13% with revenue per available room falling by 21.4%.
However outside London, Aberdeen still has the highest hotel rates.
PwC reported that lower oil prices was gradually impacting the north east economy and this is having an impact on the demand
from the oil industry for hotel rooms.
During 2015 it is reported that as many as 65,000 jobs have been lost from gas and oil employees and other jobs further down the supply chain.
In Glasgow and Edinburgh hotel occupancy and rates rose over the same time period.
More information can be found here.