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Turnover Increases 14% At Irish Aparthotel Operator Staycity

By Dave Simpson

Irish aparthotel operator Staycity has revealed that its turnover for the year to the end of December, 2019, increased 14% to €78 million.

The Irish Times quotes Staycity chief financial officer Wayne Arthur as saying, "The year was a challenging one, particularly in the UK where confidence has been fragile due to Brexit uncertainty. Despite these challenges we delivered a record like-for-like occupancy of 87.3%."

"Delighted"

Meanwhile, Staycity co-founder and chief executive Tom Walsh said, "I am delighted with the progress made in 2019. Not only did we deliver industry-leading occupancy levels, we've also gained our strongest ever guest satisfaction scores.

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"We are on target to deliver revenues of over €100 million in 2020 along with continued profit growth."

© 2020 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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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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