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Jul 19 2019, 07:30 IST/BST
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||482c|
Dublin’s positive performance in June should help to offset concerns raised from a weaker May (driven in part by an exceptionally strong yearly comp that month). As the supply/demand situation in Dublin remains constant, we believe the largest headwind to RevPAR in 2019 is related to the 4.5% VAT increase. The UK market remains mixed, with London delivering a very positive result while Regional UK again remains soft, dragged by the budget segment.