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Investegate |Dalata Hotel Group PLC Announcements | Dalata Hotel Group PLC: Trading Update: Trading ahead of expectations

Dalata posts €3 6m Q1 loss ahead of hotel reopenings

Updated / Thursday, 29 Apr 2021 09:24 Dalata Hotel Group said occupancy at its hotels ran at 14% in Dublin, 16% in the rest of Ireland and 13% in the UK in the first quarter of 2021 Dalata Hotel Group said that occupancy at its hotels ran at 14% in Dublin, 16% in the rest of Ireland and 13% in the UK during the first three months of the year. In a trading update ahead of its AGM today, the group reported an earnings loss of €3.6m in the quarter. It said it continues to minimise the impact of lower revenues through proactive cost control and availing of government support. Dalata said it expect hotels in the UK to re-open fully in the middle of May in line with the timetable set out by the UK government.

Dalata eyes higher than expected full year earnings

Updated / Thursday, 17 Dec 2020 14:55 Dalata said that occupancy levels for Q4 is currently projected to be 17% in Dublin, 28% in Regional Ireland and 21% in the UK Dalata Hotel Group said that despite the challenging environment, its earnings for the year to the end of December are expected to be marginally ahead of market expectations.  In a year end trading update, Dalata said its operations in the the second half of the year was continually and acutely disrupted as a result of Covid-19 restrictions across its markets in Ireland and the UK. The hotel group said that after the initial lockdown in Ireland and the UK, its hotels reopened to the general public in June and July.

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