Dalata Hotel Group

January STR data again exhibits strong room rates

  • Feb 20 2023, 07:25 GMT
  • Paul Ruddy
  • Company Report
  • 7 page(s)
  • Sectors : Hotels
  • Companies : Dalata Hotel Group

Ratings and price correct at time of issue.

  • Dalata Hotel Group

    Closing Price: 406c

  • RATING 09/09/14

  • PREVIOUS RATING 03/09/14

    UNDER REVIEW

DAVY VIEW

STR released January RevPAR data over the weekend. In the seasonally quietest month of the year, trends from H222 largely persisted with good room rates and occupancy broadly now recovered. We updated on Dalata last week and believe the combination of (i) continued organic growth, (ii) the pipeline, (iii) the likelihood of a re-rating and (iv) balance sheet optionality, will see the group deliver strong shareholder returns. In the interim, it evidenced the importance of its strong balance sheet by agreeing the acquisition of a London hotel at a very attractive acquisition price.

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Feb 20 2023, 07:25 GMT

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