Dalata Hotel Group has said its Revenue per available room (RevPar) is expected to be 28% ahead of 2019 for the months to January to April as it remains optimistic about the summer months.
In a trading update ahead of its AGM in Dublin today, Dalata said it reached several milestones in 2022.
This included the opening of its 50th hotel and surpassing the €500m figure in hotel revenue as its performance during the year exceeded even the most optimistic of expectations.
It noted that its first quarter performance in 2022 continued to hit by Covid-19 related restrictions, but the lifting of those restrictions by the second quarter of 2022 will allow for year on year comparisons to resume.
"As we look ahead, we are optimistic for the summer months buoyed by the rebound in international travel, conferences and sustained domestic tourism," Dalata's chairman John Hennessy said in today's update.
Mr Hennessy said the group's recent hotel additions continue to perform well and it remains focussed on its growth strategy.
The group's Maldron Hotel Finsbury Park, London in due to open this summer, while construction of its second Maldron Hotel in London, Maldron Hotel Shoreditch, is on track for completion in the first quarter of 2024.
Construction of Dalata's new Maldron leased hotels in Brighton, Liverpool and Manchester continues, with all scheduled to be completed in the second quarter of 2024.
The Maldron Hotel Croke Park, Dublin is scheduled for completion in the first half of 2026.
"Dalata has emerged from two difficult years and has resumed the growth and success that have characterised the business since its inception," Mr Hennessy said.
"We will continue this growth in our target markets in the coming years. We are committed to upholding our responsibilities to the environment, to the communities in which we operate, to our customers, employees, shareholders and to all other stakeholders," he said.
"Although there are many challenges ahead, we see a very bright future for our business," he concluded.
Shares in the company moved higher in Dublin trade today.
