on Dalata Hotel Group PLC (isin : IE00BJMZDW83)
Dalata Hotel Group Eyes Expansion Amid Strong Operational Performance
Dalata Hotel Group PLC, the largest independent four-star hotel operator in the UK and Ireland, highlighted its strong operational performance and future growth plans at its Annual General Meeting (AGM). The Group reported a revenue increase to €652 million, successfully mitigating cost inflation via innovation and efficiency initiatives. Dalata has expanded its presence in the UK with the opening of four new Maldron hotels.
The company secured lease agreements for future hotels in London, Edinburgh, and Madrid. In Dublin, RevPAR is projected to increase by about 3% for the first four months of 2025. Despite a reduced transient leisure demand in the UK, Dalata remains optimistic about its performance and growth in the region.
Dalata is conducting a Strategic Review to explore capital optimization opportunities as part of its 2030 Vision, which includes options like a potential sale of the Group. The AGM results and further updates will be shared on their website.
R. H.
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