Dalata group report lower levels of demand in Ireland
DALATA, who operate all the Clayton and Maldron hotels in Ireland, has reported lower levels of demand in Ireland so far this year.
In a statement published ahead of the company’s AGM this week, the company pointed to “lower level of trade” here.
As a result, revenue per available room (RevPar) for the group is expected to be 4 per cent lower than 2023 levels for the period of January to April.
However, Dalata noted that trade improved in March compared to January and February, adding that Dublin “continues to digest the impact of new supply.”
The company also have a positive outlook for the rest of the year noting seasonal factors, events. Flight schedules and forward bookings.
Chair John Hennessy said “The timing and nature of events compared to 2023 (such as the visit of US President in April 2023) in addition to the increased VAT rate from September 2023 has had an impact during the first four months.”
Revenue per available room (RevPar) was 12pc ahead of 2022 levels last year, while the average room rate increased six per cent to €143.36 a night.
“We added a hotel in Amsterdam, two hotels in London and secured a building conversion opportunity in Edinburgh, representing three very commercially attractive cities in our target markets,” Mr Hennessy said.
