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

29th September, 2021
Ashford Castle lost €7.5m in 2020
The directors report said the company expected 2021 to be ‘an extremely challenging year’

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!

Currency

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

Rugby stars to buy Three Tun Tavern from JD Wetherspoon

Harvey’s Point set to invest €1.2m in renovations this year

At your service: Why restaurants are facing a battle to win back workers

Amaris sold to London private equity firm Henderson Park