Dalata Hotel Group plc Trading ahead of expectations
Wednesday, December 14, 2022.
Revenue to exceed €0.5 billion as expansion continues
Dalata Hotel Group plc (“Dalata” or “the Group”), the largest hotel operator in Ireland, with a growing presence in the United Kingdom and continental Europe, is pleased to announce that the strong recovery in trade, as previously reported, has continued in the second half of the year. Annual revenue is expected to exceed €0.5 billion for the first time in the Group’s history. Adjusted EBITDAi for the year ending 31 December 2022 is expected to be in excess of €182 million (2019: €162 million).
‘Like for Like’ Group RevPARii was 21% ahead of 2019 levels for the September to November 2022 period, with all of the Group’s regions performing well. Corporate bookings have picked up after the summer period; there is continued strong leisure demand and