Ashford Castle lost €7.5m in 2020
Revenues for the luxury hotel in Co Galway plunged by two-thirds last year after it was forced to close for prolonged periods
Ashford Castle, the luxury hotel located in Cong, Co Galway, suffered a multi-million euro loss for last year as booking revenues plunged due to the Covid-19 pandemic.
Recently filed accounts show the world-renowned hotel made a pre-tax loss of just under €7.5 million in 2020 while directors warned that they expected 2021 to be another “extremely challenging” year for the business.
Company accounts for Ashford Castle show operating losses at the hotel more than trebled...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Rugby stars to buy Three Tun Tavern from JD Wetherspoon
The pub in Blackrock in south Co Dublin will change hands for a price understood to be in excess of €2.5 million
Harvey’s Point set to invest €1.2m in renovations this year
TMR Hotel Collection has already added 28 rooms and renovated the ballroom of the ‘special’ four-star Donegal hotel
At your service: Why restaurants are facing a battle to win back workers
The pandemic has forced restaurant and bar staff out of work and onto the PUP – but now that things are reopening, they are not returning. What can be done to save the sector?
Amaris sold to London private equity firm Henderson Park
Hospitality operator founded by John Brennan, with revenues in the region of €240 million, operates 30 hotels in Ireland and Britain