Savills, the property group, said that there were signs of growing demand from investors along with interest from new operators opening in the city. Many sectors of Aberdeen’s economy have suffered since 2014 when the oil price began to fall. Restaurants, pubs and hotels have been affected by fewer business travellers and many of the local population have had less cash to spend. In 2014 revenue per available room (revpar), a key industry measure, was more than £75 for hotels in the city. That dropped to as low as £36.83 during the early months…

Source: The Times May 20, 2018 22:52 UTC