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Feb 20 2019, 07:45 GMT
Hotels
Irish RevPAR positive despite VAT headwind
- Sectors : Hotels
- Companies : Whitbread | Dalata Hotel Group
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 | 575c |
| Whitbread | OUTPERFORM | 01/06/16 | N/A | N/A | 4960p |
DAVY VIEW
Irish RevPAR has started 2019 on a solid footing with both Dublin and Regional Ireland reporting positive RevPARs in January despite a 4.5% VAT headwind. The UK is again more mixed with greater London remaining strong while Regional UK is softer. We forecast 2019 RevPAR growth for Dalata in Dublin of 1.0% given the VAT headwind this year, increasing supply and strong 2018 comps. Dalata reports full-year results on February 26th.
