Ireland's largest hotel chain, Dalata, reports a 6% revenue increase to €302.3 million, despite a 15% drop in profit due to cautious consumer spending.
Dalata Hotel Group, Ireland's largest hotel chain, reported a 6% revenue increase to €302.3 million for the first half of the year, despite a 15% drop in profit due to cautious consumer spending. Revenue Per Available Room (RevPAR) decreased, particularly in Regional Ireland and the UK, while Dublin showed resilience. The company announced a €30 million share buyback and a 4.1 cent interim dividend, aiming for growth with plans for over 6,500 new rooms across various markets.
September 04, 2024
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