Covid quarantine services help Tifco hotel group to €10.9m profit via IrishTimesBiz
The hotel group secured a State hotel Covid-19 quarantine contract where the Crowne Plaza Dublin hotels were used exclusively under the contract.
In a report attached to the 2021 accounts, the directors noted that “the provision of hotel quarantine services to the State contributed to the results for the year”, also stating that the company secured a number of contracts from State bodies during 2021 and these contracts continued into 2022. The directors said “cost-reduction plans were implemented by management in line with the reduced level of activity”. They said they recognised that climate change may result in less international travel, which would directly affect the performance of the company.
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