Get the app today! Download iPhone App Download Android App

SUBSCRIBE

Revenue Climbs, Profits Down at Merrion Hotel

Published on Sep 16 2015 2:24 PM in Hotel tagged: Dublin / Merrion Hotel / profits

Revenue Climbs, Profits Down at Merrion Hotel

The renowned five-star Merrion Hotel posted profits of €1.45 million in the 12 months to the end of October, an 11 per cent decrease from the previous year.

Despite the decrease, revenues increased by five per cent from €16.8 million to €17.64 million, as reported in the Irish Independent. The hotel continued to have successful years during the recession despite its high rates, recording pre-tax profits of €1.63m in 2013, €1.68m in 2012 and €1.598m in 2011.

The Merrion, which also houses the two Michelin star Restaurant Patrick Guilbaud, earned €126,923 in revenue per room. The hotel comprises 123 bedrooms and 19 suites. I began expanding its facilities in January this year, including a new spa and restaurant.

The multi-award winning hotel has hosted figures such as Barack Obama, a number of celebrities as well as Troika members. It was recently named TripAdvisor's Best Family Hotel in Europe.

Advertising
Share on Facebook Share on Twitter Share on LinkedIn Share via Email