Dalata Hotel Group has released its full results for 2018, revealing that the firm's revenue grew by 11.8% to €393.7 million last year, while its revenue per available room (RevPAR) increased 4.7% to €94.13.
The results also revealed that Dalata's adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) increased by 14% to €119.6 million and its adjusted basic EPS (earnings per share) rose 11.7% to 42.8 cent. Additionally, the company recorded strong free cash flow of €86.6 million.
New Site Acquisition And Rooms In The Pipeline
Along with publishing its results for 2018, Dalata announced it has just acquired a site adjacent to the Clayton Hotel Cardiff Lane in Dublin for €5.5 million. The group plans to develop a premises with approximately 70 rooms and ancillary facilities on the site.
In 2018, Dalata opened over 1,150 new hotel rooms between Dublin, Belfast, Cork, Galway and Newcastle, and the company currently has more than 2,190 additional rooms due to come on stream between now and 2021.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
