Get the app today! Download iPhone App Download Android App

SUBSCRIBE

Revenues Rise At Dromoland Castle Company

Published on Jul 31 2019 9:52 AM in Hotel tagged: Featured Post / Dromoland Castle

Revenues Rise At Dromoland Castle Company

New accounts for the company that operates Co. Clare's five-star Dromoland Castle hotel, Dromoland Castle Holdings Ltd, have revealed that the firm's revenues rose 4% to €22.59 million last year.

Meanwhile, the company's underlying profit came to €3.4 million and its staff count increased from 394 to 400.

Additionally, the company paid dividends of €378,816 during the year, and at the end of December, 2018, its shareholder funds amounted to €17.7 million. The latter figure included accumulated profits of €6.98 million.

"A Good Year"

The Irish Independent quotes Dromoland Castle general manager Mark Nolan as saying, "2018 was a good year, with revenues up. We have been focusing on growing our average room rate and we are on target to achieve that growth.

"There has been a small fall-off in occupancy as a result, but that is fine as we want to give a more personalised service and a better environment for our guests."

© 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.

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