Dalata Hotel Group, which operates hotels in Ireland and a growing number in the UK, has reported revenue growth of 11.8% to €393.7m (£339m) for the year ending 31 December 2018.
The hotel operator saw revenue per available room (RevPAR) increase by 4.7% to €94.13 (£81), with adjusted EBITDA also up 4% to €119.6m (£103m) during the year.
Additionally, Dalata opened over 1,150 new rooms during 2018, including openings in Clayton Hotel Charlemont in Dublin and four new Maldron hotels in Dublin, Cork, Belfast and Newcastle.
It said trading across its three regions is “in line with expectations” for the first quarter of 2019, and added it is “confident in its outlook” and noted the “positive economic projections for Ireland and the increasingly strong tourist numbers”.
Pat McCann, Dalata Group CEO, said: “I am delighted to report that 2018 was another year of record earnings growth with adjusted EBITDA increasing 14% to €119.6m and adjusted basic EPS increasing 11.7% to 42.8%. As I reflect on 2018, I am very pleased with our performance and achievements which required a tremendous amount of hard work.
“Together, we opened over 1,150 new rooms, executed valuable deals and delivered a strong operating performance. These results embody the innovative and ambitious spirit of our people at Dalata and their dedication to excel at everything they do.”
