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Pre-Tax Profits Rise At Galway's Glenlo Abbey Hotel

Published on Apr 30 2019 10:12 AM in Hotel tagged: Trending Posts / Glenlo Abbey hotel

Pre-Tax Profits Rise At Galway's Glenlo Abbey Hotel

New accounts filed by Baswal Ltd have revealed that pre-tax profits at Galway's Glenlo Abbey hotel more than doubled to €529,661 in 2017.

According to The Irish Times, the hotel's rise in profits came on the back of a 10% increase in sales to €5.36 million.

A Strategy That Has Delivered Growth

Glenlo Abbey hotel general manager Ronan O'Halloran commented that the venue's strategy of continuous investment in recent years "has allowed [its operators] to reposition [their] business model into the higher end luxury segment" and said, "This strategy has delivered growth both in terms of occupancy and average room rate."

© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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