The Connacht Hotel Enjoys Excellent Year As Profits Increase Eightfold

By Publications Checkout
The Connacht Hotel Enjoys Excellent Year As Profits Increase Eightfold

The Connacht Hotel in Galway City has had an extremely successful year as it saw its pre-tax profits increase eight-fold from €168,267 to €1.458 million last year.

Newly-filed accounts for Connacht Hospitality Ltd also show its revenues grew by 17 per cent from €9.79 to €11.48 million for the year to the end of April last, reports the Irish Independent.

The three-star 350-bedroom hotel, which was built in 1969, has conference rooms which can host up to 120 people, a leisure club, cocktail bar and lounge as well as two restaurants.

Connacht Hospitality Ltd saw its number of employees increase from 147 to 150 with staff costs totalling €4 million last year, up from €3.75 million. The directors commented that they were happy with the results for the last year.

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