Hotels

Irish RevPAR delivered another strong year, UK more mixed

  • Sectors : Hotels
  • Companies : Dalata Hotel Group | Whitbread

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
Dalata Hotel Group OUTPERFORM 09/09/14 Under Review 03/09/14 544c
Whitbread OUTPERFORM 01/06/16 N/A N/A 4820p

DAVY VIEW

Dublin RevPAR finished 2018 strongly, up 4.7% in December and bringing the full year to +7.2% (2017: +8.3%), despite the addition of 800+ new rooms into the market. While the VAT increase will impact growth rates in 2019, we believe RevPAR will remain positive in both Dublin and Regional Ireland. However, the UK is more mixed, with greater London turning around in H2 but Regional UK remaining more muted. This strong finish to Dublin in 2018 clearly bodes well for Dalata’s full-year results on February 26th in addition to momentum into 2019.

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Jan 21 2019, 07:55 GMT

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