Dalata has a portfolio of 53 hotels with a pipeline of four further hotels due to open in the UK this year - in Manchester, Liverpool, London and Brighton.
In a trading update for the first six months of 2024, Dalata said the trading environment had been quieter in the early months of the year, with Group RevPAR 4% behind 2023 levels, on the back of supply dynamics in key markets and a lower number of events. But it added that for May and June, all four regions are expected to outperform 2023 with group RevPAR 3% ahead of 2023 levels, while corporate demand remains strong and ahead of last year.
For the six months to the end of June, adjusted EBITDA is expected to be in excess of €105m, surpassing 2023 levels, with RevPAR for the Group 1% below 2023 levels. The hotel group said that while it remains an on-going challenge, it continues to proactively respond to inflationary pressures, particularly increasing rates of pay.