|Bid||3.1900 x 962500|
|Ask||4.0200 x 1022100|
|Day's Range||3.9350 - 3.9850|
|52 Week Range||2.7350 - 4.4950|
|Beta (5Y Monthly)||1.70|
|PE Ratio (TTM)||12.39|
|Earnings Date||Feb 28, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 09, 2020|
|1y Target Est||5.38|
GLASGOW, Scotland, November 29, 2022--Dalata Hotel Group Plc ("Dalata" or "the Group"), the largest hotel operator in Ireland, growing rapidly in the UK and with a presence in continental Europe, today officially opens the Group’s 50th hotel, Clayton Hotel Glasgow City, creating 100 jobs locally.
Executives at Ireland's large hub of multinational companies are still only going on a small fraction of the foreign business trips they made before the COVID-19 pandemic, the head of the country's largest hotel operator said. Dalata Hotel Group, which has the Maldron and Clayton brands, said on Wednesday a strong rebound in leisure travel following the lifting of COVID-19 restrictions pushed first half revenue, average room rate and profit above 2019 levels. Chief Executive Dermot Crowley said that despite the fall in foreign business travel, corporate demand managed to return towards levels last seen before the pandemic, with domestic business travel and new business making up for the falls elsewhere.
Ireland's largest hotel operator, Dalata Hotel Group, said hotel room revenue (RevPAR) surpassed pre-pandemic levels for the first time as it expressed optimism on Thursday for summer trading. Dalata reported at the start of March that RevPAR - a key measure of a hotel's top-line performance - was approaching pre-pandemic levels and said on Thursday that for March and April it is expected to be 109% of the corresponding 2019 period. A number of Dalata's hotel rooms in Ireland are currently being utilised for other purposes, including to accommodate Ukrainian refugees, the hotel group added in a trading update.