Revenues Rise At Dublin's Merrion Hotel
Dublin's Merrion Hotel saw revenues rise last year, boosted by increased occupancy and room rates.
The Irish Times reports that turnover at the hotel rose almost 6% to €22.7 million with income from the hotel's 123 guest rooms and 19 suites rising 6.8% to €14.97 million.
The accounts for Hotel Merrion Ltd indicate that the cost of sales increased 12% to €12.4 million, with the bulk of the figure being attributable to staff costs of €7.8 million resulting from a rise in the number of people employed by the hotel from 283 to 295.
Meanwhile, profit before tax decreased 6.5% to €3.2 million during the year ending on October 31, 2017.
The hotel's directors stated, "The hotel had a good year with revenues, room rates and occupancy being at their highest levels reflecting a strong performance in the Dublin market. The near-term outlook remains strong and we believe that we can maintain revenues and profitability."
© 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.