Dalata Hotel Group, which operates the Maldron and Clayton hotel brands, expects its Revenue per Available Room (RevPAR) to be 4pc lower than in 2023 for the period of January to April this year.
The hotel group has expanded its portfolio by adding a hotel in Amsterdam, two hotels in London, and securing a building conversion opportunity in Edinburgh.
The English portfolio of Dalata has shown good performance in 2024 with expected modest RevPAR growth compared to the previous year.
Dalata is experiencing lower levels of trade in Ireland, particularly in Dublin where the market is still adjusting to new supply. The timing of events and VAT rate increase have impacted business in the first four months of the year.
Company chair John Hennessey said the company will open four new Maldron hotels in target cities of Liverpool, Brighton, Manchester and London: “we remain focussed on growing in 11 key cities in England and establishing a presence in targeted large European cities with a strong mix of corporate and leisure demand. As we look ahead, we remain optimistic in our outlook for the remainder of the year where trade typically is driven by stronger seasonal factors, supported by a strong events calendar, flight schedules and forward bookings for May and June. We also look forward to the greater contribution from the ten hotels added to the portfolio since 2022 as they mature and the additional contribution from the four new hotels opening this year. In 2023, we successfully protected margins despite the cost inflationary environment and reduced carbon emissions per room sold whilst maintaining strong customer and employee feedback scores.”
