Dalata's Dublin Hotels Continue RevPAR Growth
Despite seeing its share price slip post-Brexit, Ireland's largest hotel operator, Dalata Hotel Group, has seen the hotels in its Dublin stable continue their robust performance in 2016.
In Dublin, Dalata posted revenue per available room (RevPAR) growth of +19.4% yoy to €127.56 in July, with occupancy was +0.6% yoy to 90.2% and ADR +18.7% yoy to €141.38, reports businessworld.ie, according to figures released by STR Global.
Meanwhile, in Ireland regional, occupancy was +0.5% yoy to 86.1% with ADR increasing by +12% yoy to €128.70 leading to RevPAR growth of +13% yoy to €110.87.
According to Goodbody Stockbrokers,there continues to be strong RevPAR growth in both Dublin and Ireland Regional with +21.1% and +14% respectively.
"Overall, Dublin continued its strong performance in July and Dalata, with over 45% of its rooms in Dublin (56% of EBITDA), is well placed to benefit," said Goodbody Stockbrokers.