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Dalata Hotel Group has continued its previously-reported strong recovery in the second half of the year, with annual revenue expected to exceed €0.5bn (£0.43bn) for the first time in the company’s history.
In addition, the hotelier’s adjusted EBITDAi for the year ending 31 December 2022 is expected to be in excess of €182m (£156.5m) compared to €162m (£139.3m) in 2019.
The group’s like-for-like RevPAR was also 21% ahead of pre-pandemic levels for the September to November 2022 period. Dalata attributed its performance to corporate bookings picking up after the summer period.
As a result, the group’s new hotels are reportedly performing ahead of expectations, as occupancy for the September to November period was 79% for the seven hotels added to the group between August 2021 and September 2022.
According to the group, it is “cognisant of the cost-of-living challenges”, and has therefore announced pay increases of 6.5% for employees earning below £13 per hour and 4% for those earning above this level. The increases in wages are set to apply from 1 January 2023.
Dermot Crowley, CEO of Dalata, said: “2022 has been a very successful year for Dalata where we demonstrated our ability to bounce back from the challenges of Covid-19. I am very pleased with how we managed the recovery in trade of our existing hotels, opened six new hotels and added our first hotel in continental Europe.
“We remain mindful of global inflationary cost pressures and the potential impact on consumer discretionary spending. We will continue to focus our efforts on protecting and growing the business sustainably as we have always done.”
