Dalata ‘encouraged’ by Irish vaccine rollout after €3.6m loss in Q1

Group’s chairman John Hennessy says company has ‘strong liquidity’, with cash and undrawn debt facilities of €272 million

29th April, 2021
Dalata ‘encouraged’ by Irish vaccine rollout after €3.6m loss in Q1
Dalata, which owns the Maldron and Clayton titles, plans to open a number of new hotels by the first half of 2022. Picture: Getty

Dalata, the Irish hotel chain which owns the Maldron and Clayton titles, reported an earnings loss of €3.6 million in the first quarter of 2021 as Covid-19 restrictions kept its properties shuttered.

The company said in a trading update this morning that occupancy at its Dublin hotels stood at 14 per cent, and 16 per cent across regional Ireland.

John Hennessy, the group’s chairman, is to tell shareholders that Dalata is “encouraged” by an acceleration of the vaccine...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

How Kinzen is aiming to create a vaccine for the ‘infodemic’

Companies Róisín Burke 14 hours ago

Irish firm aims to combat climate change with carbon-eating mechanical trees

Companies Barry J Whyte 14 hours ago

Irish e-scooter firm clears €400k crowdfunding target

Companies Emmet Ryan 14 hours ago

Glanbia shares hit two-year high on back of positive Q1

Companies Lorcan Allen 14 hours ago