Dalata Hotel Group says it expects to achieve revpar growth of 2 per cent for September and October on 2023 levels.
The hotel operator said for the two-month period, revpar for its Dublin portfolio is expected to be 1 per cent ahead of 2023 levels while its regional Ireland portfolio is expected to be 4 per cent ahead.
It added that its UK portfolio is expected to be 1 per cent ahead of 2023 on a ‘like for like’ basis, aided by the inclusion of the two London hotels added to the portfolio last summer, both of which are showing strong growth versus last year. This follows a July and August period which saw like for like revpar 1 per cent ahead of 2023 levels.
Dalata also says it targeting an increase in its portfolio from 12,000 to 21,000 bedrooms, either open or in development by 2030. The company aims to achieve this growth through the acquisition of existing hotels as well as the development of new hotels through a mix of leasehold and freehold ownership.
Looking ahead the company noted a positive outlook for the remainder of the year due to a strong return of corporate business after the summer period and good leisure demand around events.
What they said
Dermot Crowley, CEO of Dalata said: “Our recent UK growth has been compelling with 11 hotels added in target cities since 2021, almost doubling our UK footprint. Continental Europe represents an exciting pathway to expand the group’s footprint. I am excited about Dalata’s long-term outlook and this is underscored by our ambition of having 21,000 bedrooms either open or in development by 2030.”