Dalata, Ireland’s largest hotel operator, saw an improvement in demand after lower levels of trade in the first few months of 2024.
Revenue per available room (RevPar) for January to April was 4pc lower than in 2023 due to increased supply, a rise in VAT rate, and fewer events.
RevPar for May and June is expected to be 3pc higher than last year, leading to a 1pc decrease in RevPar for the first half of 2024 compared to 2023.
Adjusted Ebitda is forecasted to be over €105 million for the first six months of 2024, with strong performance expected across Irish and UK locations, as well as hotels in Germany and the Netherlands.
