Dalata Group reveals ‘robust’ trading in 2024 [Video]

Ireland’s largest hotel operator, Dalata, has described trading as “robust” in its financial update for the second half of the year.

The group said it is expecting to see 4% growth year-on-year and deliver adjusted EBITDA in excess of €232m.

Revenue per available room (RevPAR) is expected to be c. 3.5% ahead of last year for November/December, with strong performances in Dublin and the UK. For the full year, group RevPAR is on track to be 1% ahead of 2023.

The group estimates that the recently announced changes in UK National Insurance, the increased minimum wage in Ireland and the increased living wage rates in the UK will increase hotel payroll by c. 5% in 2025 on a like-for-like basis.

However, the benefit of a €2m reduction in contracted energy pricing, the ongoing roll out of further efficiency and innovation initiatives and through RevPAR growth in the group’s markets is expected to mitigate the …