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.
Directors' Opinion
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.
