Companies

Dalata to return almost €9m to shareholders after record first half to 2023

The listed hotel group said the first six months of the year had been “exceptional” thanks to a strong recovery in demand and higher average room prices

Dermot Crowley, chief executive of Dalata, said the first half of 2023 had been “exceptional”

Dalata, Ireland’s largest hotel group, will return almost €9 million to shareholders as part of an interim dividend after it posted record profits for the first six months of this year.

Announcing interim results on Tuesday, the hotel group said the first half of the year was “exceptional” with demand holding strong across all its core markets despite inflationary headwinds.

Dalata, whose brands include the Clayton and Maldron Hotels, recorded a 24 per cent rise ...