Dalata, Ireland's largest hotel group, anticipates a slowdown in room revenue growth for 2024 despite a positive performance in late 2023.
Dalata , the Irish hotel group behind the Maldron and Clayton brands, expects room revenue growth to slow this year despite strong bookings across its portfolio throughout November and December. In a trading update on Wednesday morning, the Dublin-listed group said it anticipates full-year adjusted earnings (Ebitda) to exceed €232 million in its current financial year, representing a 4 per cent increase on last year.
“We are on track to deliver another strong financial performance, headlined by another year of growth in both our revenue and adjusted Ebitda performance,” said Dalata chief executive Dermot Crowley in a statement. Ireland’s biggest hotel group suffered a slow start to the year, with revenue per available room (RevPar) – a key profitability metric in the hotel industry – dropping 11 per cent in the early months of 2024.Despite a pickup in business levels throughout the summer, the group said in half-year results published in September that RevPar grew by just 1 per cent in the six months to the end of June to €110.77. Now Dalata, which publishes full-year results in February, is forecasting RevPar growth of 1 per cent for the whole of 2024
Dalata Hotel Revenue Growth Ireland
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dalata agrees sale of Clayton Whites Hotel Wexford for €21mHotel will add to Neville’s expanding portfolio
Read more »
Dylan Hotel and residents group oppose Baggot Street Upper 100-bedroom guest facilityScheme would also include a café and bar on the ground floor
Read more »
Norwegian hotels investor builds 5.45% stake in DalataCompany declines to say if it has plans to increase it s holding
Read more »
Ireland weather: Yellow warning in place as Met Éireann forecasts chance of snow in some areasWeather Ireland: Hazardous conditions on roads and paths may cause travel disruption, says Met Éireann
Read more »
White Christmas Hopes Fade as Met Eireann Forecasts Mild ConditionsMet Eireann has issued an updated weather forecast for Christmas Eve and Day, significantly reducing the chances of a white Christmas. While earlier predictions hinted at potential snow, the latest forecast predicts a changeable weather pattern with alternating periods of cold and mild temperatures. Overall, mean air temperatures are expected to be slightly above average, with rainfall varying across the country.
Read more »
AI chip leader Nvidia forecasts fourth-quarter revenue above estimatesShares fall 2% in extended trading
Read more »