Dalata Hotel Group has said it expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to be over €100 million for the six months ending 30 June 2023.
In a trading update, Ireland's largest hotel chain said the positive outlook reflects a "very strong" first half trading performance across the group's existing hotels, and the impact of new hotels.
In April, group RevPAR - revenue per available room, was 28% ahead of 2019 levels for the January to April period.
The company said RevPAR is expected to be 29% ahead of 2019 levels for the first half period.
Dalata said its hotel teams are managing the inflationary environment through the use of dynamic pricing, cost management and an increase in sustainability initiatives delivering a reduction in utility consumption.
"The Group continues to utilise innovation to drive efficiencies whilst protecting or enhancing both our employee and customer experience, this has been highly successful during the period," the company said.
Dalata said demand for the summer season is "robust" across all markets.
"We continue to see a strong mix of corporate and leisure business boosted by the return of international travel and sustained domestic demand," it added.
"The financial performance is the result of the dedication and professionalism of our teams in our hotels and central office – our people remain our greatest strength," said Dermot Crowley, CEO of Dalata.
"I am very pleased with the performance of the hotels we recently added to the portfolio, it gives me great confidence that the current pipeline of new hotels will also create significant value for our shareholders," he added.
