Dalata grows earnings by 13%

Dalata has reported earnings of €134.8m for 2019, up 13pc on the prior year, as Brexit did not  impact the business.mccann0918
The group said “strong” cost control ensured it maintained its earnings, despite what it said was “tougher” market conditions in Ireland.
In Dublin, the hotel chain outperformed the market revenue per available room.
 Overall, revenue increased by €36.6m during the year to €429m driven by new additions to the portfolio.
The 1,692 rooms which were added in the last two years in Dublin, Cork, Galway, Belfast, Newcastle, Cambridge and London are “performing very well,” the company said in its annual results.

 

Dalata, whose brands include, the Maldron and Clayton Hotels, said it continues to monitor the ongoing uncertainty surrounding the potential impact of Brexit, however it has seen no impact on trading.
It has also seen "no material impact” of the coronavirus on its trading.
 
Pat McCann, Dalata CEO, said: "I am pleased to report that 2019 has been another year of growth and development at Dalata.
 
The business has performed strongly with revenue increasing by 9.3pc to €429.2m in the year.”
In the group’s Dublin portfolio, income per available room declined by 3.1pc, compared to the market average fall of 3.6pc.
'Like for like' revenue per available room in its regional Ireland portfolio declined by 1pc.
 
 

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