Hotels

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...

Dalata Hotel Group

Q2 trading statement: recovery continues to exceed expectations

Dalata’s trading statement for Q2 2022 reflects RevPAR that is well ahead of expectations in all regions as the pace of recovery continues to exceed our forecasts. The company has...

Dalata Hotel Group

Increasing 2022 forecasts

As indicated after Dalata’s positive AGM statement, we are making material upgrades to our 2022 forecasts given the strength of operating performance. We have left 2023 and 2024...

Dalata Hotel Group

Sale of the Clayton Crown Hotel

Dalata has announced the sale of the Clayton Crown Hotel in London for £21m. This is one of the older assets in the portfolio and is non-core. The sale looks to be opportunistic, and...

Dalata Hotel Group

AGM statement reflects further strength in the recovery

Dalata has released an update ahead of its AGM later today and confirmed a stronger-than-expected level of recovery in RevPAR through March and April. Cost inflation pressures...

Dalata Hotel Group

New forecasts highlight the opportunity

We have refreshed our Dalata forecasts following the FY2021 results. As indicated on the day of the results, we have increased our revenue forecasts and lowered margins – leaving...

Dalata Hotel Group

Faster-than-expected recovery and strongly positioned

Dalata’s FY2021 results reflect revenues and adjusted EBITDA that are in line with forecasts but with stronger-than-expected free cashflow. February 2022 RevPAR has recovered to 91%...

Dalata Hotel Group

Net impact from inflation is expected to be positive

Following the uptick in inflation, we have reviewed historical correlations to assess its potential impact on Dalata. We expect growth in average room rates (ARRs) to be very supportive...