Dalata to increase portfolio by 20% in 2022
The group is ‘optimistic’ for the summer period but remains ‘cautious’ about the impact of inflation.
Irish hotel operator, Dalata Hotel Group, has said it plans to “deliver” on its expansion strategy by increasing its portfolio by “at least” 20% in 2022.
According to a statement the group made to the AGM, it said that trade in 2022 has “surpassed” expectations. It expects RevPAR1 for the March/April period to be 109% of 2019 levels.
Dalata added that RevPAR1 in April will exceed 2019 levels in each of its Dublin, regional Ireland and UK regions.
The group is “optimistic” for the summer period but remains “cautious” about the impact of inflation. However, Dalata said its “dynamic” pricing strategies and “culture” of cost discipline is helping it respond to the cost increases.
Additionally, the group announces the opening of The Samuel Hotel in Dublin. It said The Clayton Hotel Glasgow City and Maldron Hotel Merrion Road in Dublin are expected to open in the coming months.
John Hennessy, chairman of Dalata, said: “2021 was another challenging year for Dalata and the wider hospitality industry. However, I am pleased to say that we have moved firmly into recovery with strong trading post re-opening across all markets.
“The focus on our people has always been central in how we operate at Dalata and the actions taken throughout the pandemic to maintain and continue to develop our core teams have been key factors in our ability to recover.”
