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Apr 23 2019, 08:35 IST/BST
Hotels
Irish RevPAR positive in March, but Regional UK remains soft
- 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 | 600c |
| Whitbread | OUTPERFORM | 01/06/16 | N/A | N/A | 4842p |
DAVY VIEW
Irish RevPAR in March was back in positive territory for both Dublin and Regional Ireland despite the 4.5% VAT headwind that both markets face in 2019. The UK remains more mixed again, with Greater London delivering another strong month while Regional UK is softer. In particular, the budget segment in Regional UK remains under pressure from a steady supply increase. With Whitbread reporting full year results on April 30th, we expect this supply pressure to be a key area of questioning.
