Dalata Hotel Group has said that its trading performance in the first four months of this year has been marginally ahead of its expectations.
In a trading statement issued ahead of its AGM today, the company said the outlook remains positive for the markets in which its operates.
Dalata said growth of its RevPar (revenue per available room) in its Dublin and regional properties has been in line with expectations, while it saw strong RevPAR in its London and Northern Ireland hotels.
The hotel group also said that progress continues to be made on its development pipeline of over 1,200 new hotel rooms.
Construction of the Clayton Hotel Charlemont, Maldron Hotel Kevin Street, Maldron Hotel Belfast and Maldron Hotel Newcastle is well underway and progressing on target and within budget.
Meanwhile, construction of the 140-room extension at Clayton Dublin Airport will start later this month.
Construction is also due to start later this year on a new Maldron hotel in Cork as well as the extensions to its Maldron Hotel Parnell Square, Maldron Hotel Sandy Road and Clayton Hotel Ballsbridge.
All projects are due to open at different stages next year, the company said.
The hotel group's shares were over 2% lower in afternoon trade in Dublin.