Old Course Hotel

St Andrews' Old Course Hotel has reported a pre-tax loss £890,000 amid rising revenues, but saw its net liabilities more than double to £9.1 million following increased borrowing from its American parent company, Kohler.

The Old Course Limited, which owns the Old Course Hotel and Duke's golf course in St Andrews, has reported a pre-tax loss of £1.4 million for the year ended 31 December 2023. This follows a £3.2m profit in 2022. The company attributed the shift to several factors, noting that 2022 w

Revenue at the Old Course Hotel in St Andrews dropped by more than £14 million in 2020. The country-wide coronavirus lockdowns forced the five-star hotel to close for most of the year causing revenue to fall by 63.4%.

The owner of the Old Course Hotel in St Andrews has suffered from a fall in revenues of over 13%.