Aug 15 2019
Leisure
Recent Research
William Hill plc, Green shoots appearing?
Aug 9 2019
Hotels, H1 RevPAR finishes better in June
Jul 19 2019
GVC Holdings, Q2 delivers strongly despite comps
Jul 17 2019
Meet your Leisure Research team
William Hill plc
Green shoots appearing?
William Hill has reiterated 2019 guidance despite a difficult first half. The challenging nature of 2019 will come as no surprise and the group appears to have entered H2 with renewed...
Hotels
H1 RevPAR finishes better in June
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...
Paddy Power Betfair
Improving Australia performance a core group catalyst; upgrading stock to ‘Outperform’
Post the significant regulatory changes in 2018, we believe that Paddy Power Betfair’s (PPB) addressable Australian market can grow at double-digit pace over the coming years. The...
Dalata Hotel Group
Growth journey has just begun
Five years on from its IPO, Dalata’s growth journey has just begun. As Ireland’s leading hotel operator, the group has also made significant progress on growing its UK presence. We see...
Paddy Power Betfair
Investor day reinforces US opportunity
The land of opportunity or the home of the brave? We think the former. The Paddy Power Betfair (PPB) investor day in New Jersey reinforced our initial view that the US opportunity is...
Whitbread
Night at the ZIP: bedding down
Whitbread describes ZIP by Premier Inn (its new hotel concept) as doing the essentials brilliantly, but our stay last week at the ZIP in Cardiff (its first week of operation) uncovered...
Year-end Document
Ireland’s call: investment opportunities in 2019
The 21% decline in the Irish equity market in 2018 was at odds with on-going strength in the economy. With economic growth expected to exceed 5% in 2019 (subject to an on-going fudge...
