Dalata Hotel Group has said that trading in the first four months of the year has been a little ahead of expectations, adding that the outlook for the first six months of the year is positive.
In a trading update ahead of its AGM today, Dalata said revenue per available room (RevPAR) growth in its Dublin properties had been marginally ahead of expectations.
It also noted that RevPAR growth in its regional Ireland properties was in line with the company's expectations.
John Hennessy, Chairman of Dalata, said the company remains very encouraged by the quality and number of potential new developments that it is are currently reviewing.
"It continues to be a very exciting time for the group and management remains focused on delivering excellent returns for our shareholders," Mr Hennessy added.
Dalata said it opened its Maldron Hotel Belfast City ahead of schedule on March 13 and said that although, it is very early days, the hotel is trading well and customer feedback has been very positive.
It said the additional 106 rooms at Clayton Hotel Dublin Airport will open in the first week of June while Maldron Hotel Kevin Street Dublin will open in the first week of July.
Construction of Clayton Hotel Charlemont Dublin, Maldron Hotel South Mall Cork and Maldron Hotel Newcastle all remain on track to open on time and within budget, the company added.
Dalata said that the extensions currently underway at Maldron Hotel Sandy Road Galway, Clayton Hotel Ballsbridge Dublin and Maldron Hotel Parnell Square Dublin all remain on schedule and within budget.
"We have engaged Savills on our Tara Towers Hotel site and expect to finalise our approach to the redevelopment of this site in the coming months," the company added.