Dalata Hotel Group announces record financial results for 2023

Dalata Hotel Group PLC has released its financial results for the year ending December 31, 2023, posting record operating performance. The company, Ireland's largest hotel operator, which is expanding its presence in the UK and mainland Europe, saw its turnover increase by 18% to €607.7 million and its adjusted EBITDA grow by 22% to reach 223.1 million euros.

Despite a 4% decline in pre-tax profit and a 7% decline in core earnings per share, the group made significant strategic investments throughout the year. With more than 156 million euros invested, Dalata has strengthened its presence in London and entered the continental European market, notably through the acquisition of a hotel in Amsterdam. Its portfolio of rooms has thus expanded by more than 1,500 rooms.

In addition to its geographic expansion, the group reported clear progress in sustainability, with a 27% reduction in carbon emissions per room sold compared to 2019. Dalata continues to invest in projects that reduce its carbon footprint while planning further advances for the years to come.

The document also reveals Dalata's ambitions for its sustainable development and strategic expansion, highlighting its optimism and ability to adapt in an uncertain macroeconomic environment. With a prudent investment strategy and particular attention to the customer and employee experience, Dalata directs its efforts towards sustained and responsible growth.