Dalata Hotel Group, an Ireland-based hotel operator, has reported a lower pretax profit for the first half of the year. Despite booking higher costs, the company remains optimistic about future growth prospects.
- First-half pretax profit: €50.4 million ($54.5 million), down from €52.0 million the previous year.
- Adjusted earnings before interest, taxes, depreciation and amortization: €103.4 million compared to €83.5 million.
- Revenue: Increased to €284.8 million from €220.2 million.
- Revenue per available room (RevPAR) on a like-for-like basis: Rose 23% to €109.41.
The board of Dalata Hotel Group has declared an interim dividend of 4.0 euro cents per share.
Dalata Hotel Group is encouraged by the recovery of international travel, including resurgent U.K. airport traffic statistics and record numbers at Dublin Airport. The company sees this as a positive backdrop for the markets in which it operates. While potential slowdowns in demand due to high inflation levels are being monitored, no indicators of such slowdowns have been observed.