Get the app today! Download iPhone App Download Android App

SUBSCRIBE

Revenues Rise At Ashford Castle Hotel

Published on Oct 10 2018 10:29 AM in Hotel tagged: Trending Posts / Ashford Castle

Revenues Rise At Ashford Castle Hotel

Revenues rose 17% at Co. Mayo's five-star Ashford Castle Hotel last year while turnover rose from €17.9 million to €20.9 million.

As reported by The Irish Times, newly filed accounts for Ashford Castle reveal that the hotel recorded losses before taxation of €3.3 million last year, representing a slight drop on the figure of €3.5 million for the previous year.

EBITDA And Staff Costs

Meanwhile, earnings before interest, tax, depreciation and amortisation (EBITDA) increased by €570,494 to €4.04 million, with the number of people employed by the hotel totaling 366 and staff costs increasing from €6.8 million to €7.5 million.

© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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