Brand Building with Video
  Video is a powerful communications tool, but hotels need to have a clear reason for posting ...

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Fáilte Ireland Business Hub supports industry
In response to COVID-19, Fáilte Ireland has created a new online support hub for tourism businesses,...

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'Be a Great Employer' says top restaurateur
Pictured are Fergal Lee (third from left) with Peggy Kim, Micheline Corr, Linda McFadden and  F...

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Awards for Foodservice Suppliers
Organised by the industry for the industry, Food & Bev Live returns to the Citywest Dublin on th...

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Brand Building with Video
Fáilte Ireland Business Hub supports industry
'Be a Great Employer' says top restaurateur
Awards for Foodservice Suppliers

Dalata can survive lockdown

 Dalata Hotel Group, could burn through €12m of cash per month in the second half of the year if the Covid-19 disruption lingers and the business fails to generate any revenue, claytonGoodbody has claimed.

 However, it sees this as being an unlikely worst-case scenario - with the majority of hotels being able to reopen on July 20 - but a manageable one, given Dalata’s ample cash resources.
“Post the sale and lease back of the Charlemont Hotel [in Dublin] Dalata has approximately €200m of liquidity to navigate through this crisis. We estimate that cash burn, even in a zero-revenue scenario, is approximately €12m in the second half,” said Goodbody analyst Paul Ruddy.
New industry-wide figures show that revenue per available room – or RevPAR – fell by almost 90% in Dublin hotels on a year-on-year basis in April, with occupancy standing at just 12.6%.
Regional hotel RevPAR was down 75%, with occupancy at just 27%.
 
 

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