Dalata Hotel Group Expects Robust Growth in FY 2024

Dalata Hotel Group PLC, Ireland's largest hotel operator, reports a strong financial outlook for FY 2024. The Group anticipates an Adjusted EBITDA exceeding €232 million, marking a 4% year-on-year growth. Revenue performance has improved from 2023, driven by recent hotel additions in the UK and Europe.

Despite cost pressures such as changes in UK National Insurance and wage increases in Ireland and the UK, Dalata plans to offset these through energy savings and increased RevPAR, which is projected to be 1% higher than last year.

Dalata's expansion continues with the addition of new hotels in the UK and the planned acquisition of the Radisson Blu Hotel Dublin Airport. The Group also secured a €600 million debt facility, aiming to enhance market position and shareholder returns. The positive impact of these developments is expected to support their 2030 Vision growth strategy.