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Shelbourne Hotel Of Dublin Records Increase In Revenue

By Dave Simpson

Dublin’s Shelbourne Hotel has recorded an increase in revenue for last year.

Details

As reported by the Irish Independent, according to newly filed accounts for the business, last year the hotel’s revenue increased by close to 20%, to €14.6 million, which was approximately a third of its pre-pandemic revenue, while its operating loss decreased by close to half, to €4.5 million.

Additional Information

Additionally, the Shelbourne Hotel’s owner – US property investment group Kennedy Wilson – noted in its third-quarter results, which were released in early November, that the hotel generated revenue of $33.2 million during the time frame, including $14 million during the three-month period that ended on 30 September, according to the Irish Independent, which also reported that the first three-quarter figure compares to a figure of $9.2 million recorded for the same period last year, and Kennedy Wilson has predicted that its net operating income for the year will amount to $11.9 million.

© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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