Dalata Hotel Group

A remarkable recovery and strong start to 2023

  • Feb 28 2023, 07:15 GMT
  • Paul Ruddy
  • Company Report
  • 6 page(s)
  • Sectors : Hotels
  • Companies : Dalata Hotel Group

Ratings and price correct at time of issue.

  • Dalata Hotel Group

    Closing Price: 414c

  • RATING 09/09/14

  • PREVIOUS RATING 03/09/14



Dalata issued FY22 results this morning. The recovery in 2022 was exceptional and current trading remains very strong, with RevPAR c.25% ahead of 2019 levels. The group’s performance during the initial recovery phase from the pandemic shines a light on its operational excellence. The balance sheet position is stronger than we had anticipated, and the Board plans to announce an interim dividend at the H123 results. Dalata is very well placed to outperform given the combination of: (i) an attractive modern estate; (ii) its pipeline; (iii) a discounted valuation; and (iv) significant balance sheet optionality. At first glance, we see upside to our FY23 forecasts.

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Feb 28 2023, 07:15 GMT