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Dalata Hotel expects to breakeven in H1, but summer demand to remain below pre-pandemic levels | 6 July 2021
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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Dalata Hotel expects to breakeven in H1, but summer demand to remain below pre-pandemic levels
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IN BRIEF: Dalata Hotel first-quarter hotel occupancy hit by Covid-19
Fri, 30th Apr 2021 18:10
Dalata Hotel Group PLC - Irish hotel operator - Says first-quarter hotel occupancy hit by Covid-19. Since the start of January, hotels have been closed to the general public, serving customers related to essential services only.
For the first quarter of 2021, occupancies at hotels were 14% in Dublin, 16% in Regional Ireland and 13% in the UK. Says it continues to minimise the impact of lower revenues through proactive cost control and availing of government support. For the first quarter the adjusted EBITDA loss was EUR3.6 million.
Current stock price: 399.50 pence
Dalata Hotel Group PLC (DAL,DHG)
Dalata Hotel Group PLC: Year End 2020 Trading and Development Update
17-Dec-2020 / 07:00 GMT/BST
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Year End Trading and Development Update
Strong Financial Position to Support Business Recovery and Growth
Dublin, 17 December 2020 | Dalata Hotel Group plc ( Dalata or the Group ), the largest hotel operator in Ireland, with a growing presence in the United Kingdom, is pleased to announce that despite the challenging environment, EBITDA for the year ending 31 December 2020 is expected to be marginally ahead of market expectations and the Group remains in a strong financial position with current cash and undrawn debt facilities of €293 million after deducting upcoming payments including quarterly rent and interest.
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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