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Jan 21 2019, 07:55 GMT
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|
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.