Sep 21 2023
Hotels
Recent Research
Dalata Hotel Group, Another round of upgrades
Apr 26 2023
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Dalata Hotel Group
H123 – growth, margin performance and balance sheet strength
Dalata reported interim results this morning with strong revenue growth, a very impressive margin performance, an uplift in portfolio valuation and confirmation of an interim dividend...
Dalata Hotel Group
Further acceleration in trends and bullish outlook
Dalata has updated on year-to-date (ytd) trading. The group highlights another acceleration in RevPAR and now expects H1 RevPAR to be 29% ahead of H119 (+28% January-April) and H123...
Dalata Hotel Group
Strong RevPAR trends and optimistic for summer
Dalata has this morning released a brief statement ahead of its AGM. The Chairman notes that performance in 2022 exceeded even the most optimistic of expectations and the group...
Dalata Hotel Group
Another round of upgrades
Dalata’s remarkable recovery from the pandemic has been driven by a combination of its operational excellence and supportive macro and consumer trends. Schedule data for air travel...
Dalata Hotel Group
January STR data again exhibits strong room rates
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...
Dalata Hotel Group
Keys for growth
Dalata’s operational excellence, attractive estate and recently opened rooms combined with strong pent-up demand for leisure travel delivered 2022 revenue c.20% above pre-pandemic...
Dalata Hotel Group
A good conclusion to FY22 and cautiously optimistic for FY23
Dalata issued a full year trading statement this morning. Given Omicron-related restrictions were still in place in the early part of the year, the group has had a remarkable recovery....
Dalata Hotel Group
Recent data points encourage
STR data confirm that RevPAR rates continued to impress in October in its key markets and remain well ahead of 2019 levels. The average room rate (ARR) environment continues to be...
Dalata Hotel Group
Forecast changes post H1 2022 results
We are putting through forecast changes for Dalata, as indicated after the H1 2022 results. We expect the impact of refugees on hotel stock in Ireland will continue longer than...
Dalata Hotel Group
Refreshing forecasts for 2022
As indicated following the recent trading update, we are increasing our 2022 adjusted EBITDA forecast to €178m, driven by stronger-than-expected RevPAR performance. We also increase...
