Documents filed at the Companies Office have revealed that the firm behind the Trump International Hotel and Golf Links in Doonbeg, Co. Clare, experienced a 15% rise in revenue to nearly €10.7 million last year.
As reported by The Irish Times, including depreciation, the company recorded a loss of €1.77 million in 2017, which was down from €2 million the previous year. Meanwhile, the average number of people employed by the firm rose to 213 last year from 200 in 2016.
The latest figures for the Trump International Hotel and Golf Links arrive in the wake of the announcement that the resort is planning to invest €40 million in the construction of a new ballroom, leisure centre and 250 new bedrooms.
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
A note accompanying the accounts stated, "The directors are confident that in the forthcoming year the continued redevelopment will contribute positively to an increase in turnover and the return of operating profits in 2018."
© 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.