The Ritz said an increase in guests helped boost its turnover in 2024. (Photo by Dan Kitwood/Getty Images)

The Ritz hotel in London has made a loss for the fifth year in a row despite its turnover jumping in 2024, it has been revealed.

The five-star hotel has reported a pre-tax loss of almost £3m for its latest financial year, down from the £10m loss it posted for 2023.

The Ritz also made a loss of £16.5m for 2022, £32m in 2021 and £27.3m in 2020.

The last time the hotel reported a pre-tax profit was the £2.4m it achieved in 2019.

New accounts filed with Companies House also show its turnover increased in 2024 from £36m to almost £43m.

The Ritz was acquired by Qatari tycoon Abdulhadi Mana Al-Hajri from the billionaire Barclay brothers for around £700m in March 2020.

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