Hotels

Hotels

Sharp rise in Irish HICP is relevant to residential rent growth

The Irish government recently changed the rate at which residential rents can increase in rent pressure zones from 4% under the previous rent caps to movements in the...

Dalata Hotel Group

H1 results and latest data are both stronger than expected

Dalata has reported slightly above forecast adjusted EBITDA and an operating cash inflow in H1 2021, which is positive and has been helped by government support schemes. Occupancy and...

Dalata Hotel Group

Feedback from Davy Transport Conference

As part of our 13th annual Transport Conference yesterday (June 17th), we had a call with the management team at Dalata. Order bookings and general business levels have gone well as...

Dalata Hotel Group

Trading statement

Dalata has released a trading statement ahead of its AGM later today. Allowing for the COVID-19 restrictions that have been in place in both of its end markets in Ireland and the UK,...

Dalata Hotel Group

Promoting from within

Dalata has announced that Carol Phelan has been internally appointed as CFO, effective from July 1st 2021. This follows the announcement last month that Dermot Crowley, who is the...

Dalata Hotel Group

Standing strong after 2020

Dalata’s full year results reflect the resilience of the business during COVID-19 and management’s track record. Liquidity and credit positions are sector leading and senior staff at all...

Dalata Hotel Group

Reassuring trading statement

Dalata has published an end-of-year trading statement, noting that 2020 earnings will be a touch ahead of consensus forecasts. Current net debt is slightly below our forecast,...

Dalata Hotel Group

Updating forecasts

We have updated our Dalata forecasts following the group’s H1 2020 results, the recent placing, the latest COVID-19-related restrictions in the UK and Ireland and the Irish Budget. The...

Dalata Hotel Group

Budget 2021 provides support

The reduction in the rate of VAT in the hospitality sector and the extension of the commercial rates waiver are clear positives for Dalata. There are two further announcements on...

Hotels

A few notes on the market

Feedback from Davy’s Irish financials conference yesterday (October 1st) is positive for the market. Q3 2020 investment market data show a rebound from Q2 but investments are still...