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Jul 19 2019, 07:30 IST/BST
Hotels
H1 RevPAR finishes better in June
- 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 | 482c |
| Whitbread | OUTPERFORM | 01/06/16 | N/A | N/A | 4885p |
DAVY VIEW
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.
