(c) Radisson BLU
From Insider today:
‘The cost of spending the night in an Edinburgh hotel during 2017 grew three times faster than the UK average, with Glasgow rates also outpacing the UK. According to the latest survey of hotel performance produced by accountants PwC, the average daily rate (ADR) in Edinburgh now tops £100. That represented a 12.4 per cent increase, with Glasgow rates up 5.2 per cent. That compares with average UK-wide ADR growth of 3.6 per cent in 2017.’
This is, of course, just one economic indicator but along with many other reported here, it reveals an economy far healthier than that suggested by the unreliable and outdated GDP figures so loved by our media business editors in the BBC, STV and Scottish press.
For use in winning arguments see:
Robust Scottish Economy Indicator No. 47*: Demand for office space up 96%
Scottish business confidence higher than in any other region of UK
Scottish businesses more likely to be stable than those in rest of UK: News from a parallel universe unknown to our mainstream media
Hard evidence of a robust economy further undermines media doubts based on unreliable and meaningless GDP statistics
Scottish economy is thriving on innovation as patent filing runs at 4 times the UK rate
And more evidence of a strong economy: starting salaries in Scotland increase at quickest rate for more than 3 years
17% increase in number of Scots planning to start a new business as Scottish economy strengthens
Scotland’s economy continues to show signs of good health and growth
Reports of a strong Scottish economy just keep coming. Now debt decrees down 93% in the last three months
More evidence Scottish economy is strong: Demand for office space in Glasgow highest for ten years
Clear signs of a robust economy? 15% increase in Edinburgh office take-up in 2017 and Glasgow set for a ‘stellar 12 months.’
Scottish businesses continue to show signs of health with insolvencies down 23% as the Scottish economy holds strong
The Auditor General strongly, with no qualifications, commends the Scottish Government on its ‘sound’ management of the economy. The lowest under-spend since devolution.
With only 8% of the population, Scotland’s maritime sector accounts for 25% of the UK maritime sector’s (GVA) contribution to the economy and is 17.5% more productive than the UK marine oil and gas sector. Once more, too wee, too poor?
12% increase in the formation of social enterprises in Scotland over only 2 years leads to a £2 billion economic contribution to Scottish economy.
England runs massive trade deficit. Only Scotland has a viable sustainable economy, exporting more than she imports thus requiring no national debt
My , how the Britnat press will love this , they will all love it so much they will deem it not worth reporting !
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You can also see the room rates in Edinburgh as a bit of a disgrace, especially in August. Look at the clamour as developers want to build more and more hotels. Central Edinburgh runs a risk of being turned into McDisneyland surrounded by a ring wall of posh hotels. Followed closely by developers wanting to build big office blocks. Expansion of this sort isn’t always for the best. Just a thought.
It’s a good thought Derek , people come to Scotland , and Edinburgh in particular , for the architecture and the uniqueness of the city with it’s historical buildings and background . Once you have surrounded these gems with concrete , glass , and tat , most of that uniqueness disappears , you could be anywhere .If you want to kill the golden egg , that’s the way to do it .
I know but it remains a positive for the economy as a whole?