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Dalata Hotel Group PLC on Thursday said it expects adjusted earnings to be higher year-on-year, after a softer spring. The Dublin-based hotel chain said revenue per available room was 4% behind 2023 levels in the first half of 2024, citing supply dynamics in key markets and a low number of events. However, Chief Executive Officer Dermot Crowley pointed out that revenue per available room in May and June outperformed 2023 levels, indicating an improving trading environment. For the first half of 2024, the company expects adjusted earnings before interest, tax, depreciation and amortisation to grow 1.5% to €105 million from €103.4 million a year prior. Revenue per available room will be about 1% lower than a year prior, it added. CEO Crowley said: ‘As we look ahead, we are positive in our outlook for the summer period supported by future demand indicators across our markets, including growing air traffic forecasts and active event calendars. Within the Irish market, we are not yet seeing any material impact of industrial action at Aer Lingus, though any prolonged dispute presents risk to the wider industry in Ireland. The refresh of our consumer brands, Maldron and Clayton, has been well received and we have launched a new customer experience training programme across our hotels to bring our signature brand of customer experience, the Heart of Hospitality, to all guests.’ Dalata Hotel shares rose 0.6% to 342.00 pence each on Thursday morning in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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