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Dalata Hotel Confident Going Forward After Strong Start To 2018

LONDON (Alliance News) - Dalata Hotel Group PLC said on Thursday at its annual general meeting ...

Alliance News 3 May, 2018 | 11:01AM
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LONDON (Alliance News) - Dalata Hotel Group PLC said on Thursday at its annual general meeting that performance over the first four months of 2018 has been slightly ahead of its own expectations.

The Irish hotel operator said revenue per available room growth, a key industry metric, in Dublin properties has beaten expectations so far in 2018. In Regional Ireland, it has met expectations.

Dalata said despite weaker market conditions in the UK in the first quarter of 2018 it has continued to outperform in terms of revPAR growth, and, overall, it is "very satisfied" with group performance so far this year.

Its outlook for its first half results is "positive".

Dalata said its Maldron Hotel in Belfast opened ahead of schedule in mid-March and so far it has traded well. It has two Dublin hotels scheduled to open in June and July and construction on other hotels is on schedule and within budget across the board.

Shares were up 0.6% on Thursday at EUR6.69 each.

By George Collard; georgecollard@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Dalata Hotel Group PLC 477.75 GBX -0.31 -
Dalata Hotel Group PLC 5.42 EUR -1.28 -

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Alliance News

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