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Doyle Hotels revealed that turnover rose to €147.7m (£127.8m) in the year ended 31 December 2022, almost trebling from the previous year’s total of €53.2m (£46m) when the group was still restricted by the pandemic.
The hotel group also reported a pre-tax profit of almost €28m (£24m) for 2022. This rose from just under €8m (£6.9m) in the previous year, while its EBITDA reached €20.9m (£18m) – an improvement of €28m (£24m) on 2021 results.
The group, which operates eight hotels in Dublin, Cork, Bristol, London and Washington DC as The Doyle Collection, attributed its improved turnover in 2022 to the removal of Covid-19 restrictions in Q1 of the year.
In Ireland alone, the group revealed in its filings on Companies House that revenues hit €59.7m (£51.6m) in 2022, showing an increase from €21.4m (£18.5m) the year before.
Meanwhile, UK hotels posted incomes of €65.9m (£57m) compared with €26.4m (£22.8m) a year earlier.
Bernie Gallagher, chair of The Doyle Collection, said: “Our hotels in Ireland, the UK and the Us all experienced a resurgence in demand with very good occupancy levels across the portfolio. The resurgence in demand has carried through into 2023 with sustained tourism and leisure trade and a significant bounce back in corporate business.
“We continue to invest in our hotels to maintain our market position as an international luxury group.”
The Doyle Collection is owned and operated by members of the Doyle and Beatty families, and as a group, traces its roots back to a company founded by Irish hotelier Pascal Vincent Doyle.
