DAL Dalata Hotel Group Plc

Dalata Hotel Group PLC (DAL,DHG) 
Dalata Hotel Group PLC: Trading Update 
13-Dec-2023 / 07:00 GMT/BST 
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Trading Update - Another Record Year of Growth 
Acquisitions in London, Edinburgh and Amsterdam during 2023 
Pipeline of 834 rooms due to open across the UK in 2024 including fifth hotel in London 
ISE: DHG              LSE: DAL 
 
Dublin and London | 13 December 2023:  Dalata Hotel Group Plc ("Dalata" or "the Group"), the largest hotel operator in 
Ireland, with a growing presence in the United Kingdom and continental Europe, provides a trading update for the second 
half of 2023. 
The Group continues to deliver an exceptional performance through strong trading and sustained growth. Hotel revenuei 
for the year 2023 is expected to exceed EUR600 million (2022: EUR516 million) and Adjusted EBITDA[i] for the year is 
expected to be in excess of EUR220 million (2022: EUR183 million). For the second half of 2023, Group RevPAR[ii] is 
expected to be 3% ahead of 2022 levels. 
Operations have successfully commenced at the three hotels added to the portfolio during 2023 namely Maldron Hotel 
Finsbury Park, Clayton Hotel London Wall and Clayton Hotel Amsterdam American. The Group is pleased with the 
performance delivered to date at each of these hotels. 
The Group looks forward to the completion of four new hotels during 2024, with its first hotel in both Brighton and 
Liverpool, its fourth hotel in Manchester and its fifth hotel in London. This will add 834 rooms to the portfolio. 
Development works are progressing well and the hotels are on track to open in mid-2024. 
The Group is optimistic in its outlook for 2024 with strong lead indicators across our customer segments, including the 
return of more direct flight connections and the anticipated further recovery in corporate travel. 
 
Dermot Crowley, CEO, Dalata said: 
"Dalata is on course to deliver another exceptional result this year driven by strong operational performance across 
our existing hotels and the impact of new additions to the portfolio. This is a testament to the hard work, 
professionalism and dedication of all our people across our hotels and central office. 
In our recent first-half results, we set out our firepower potential of EUR750 million to grow in the medium term beyond 
our currently announced pipeline. Since then, we have secured our second hotel in continental Europe with the addition 
of the newly rebranded Clayton Hotel Amsterdam American and the acquisition of our first site in Edinburgh where we 
will develop a four-star Clayton Hotel. 
Our growth ambitions, coupled with strong demand across our markets and our financial capacity to secure attractive 
opportunities underscores our ongoing ability to deliver value to our shareholders." 
     -ENDS- 
 
 
About Dalata 
Dalata Hotel Group plc was founded in August 2007 and listed as a plc in March 2014. Dalata is Ireland's largest hotel 
operator, with a growing presence in the UK and continental Europe. The Group's portfolio comprises 53 three and 
four-star hotels with 11,412 rooms and a pipeline of over 1,300 rooms. The Group currently has 31 owned hotels, 19 
leased hotels and three management contracts. Dalata successfully operates Ireland's two largest hotel brands, the 
Clayton and the Maldron Hotels. For the six month period ended 30 June 2023, Dalata reported revenue of EUR284.8 million 
and a profit after tax of EUR42.0 million. Dalata is listed on the Main Market of Euronext Dublin (DHG) and the London 
Stock Exchange (DAL). For further information visit: www.dalatahotelgroup.com 
Contacts 
Dalata Hotel Group plc                     Tel +353 1 206 9400 
Dermot Crowley, CEO                        investorrelations@dalatahotelgroup.com 
Carol Phelan, CFO 
 Niamh Carr, Head of Investor Relations and Strategic Forecasting 
 
Joint Company Brokers 
Davy: Anthony Farrell                      Tel +353 1 679 6363 
Berenberg: Ben Wright                      Tel +44 20 3753 3069 
 
Investor Relations and PR | FTI Consulting Tel +353 86 401 5250 
Melanie Farrell                            dalata@fticonsulting.com 

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[i] Refer to the Supplementary Financial Information within the Group's results announcement for the six months ended 30 June 2023 for definitions

[ii] RevPAR is stated on a 'like for like' basis and excludes the performance of hotels that newly opened or ceased trading under the Group during the comparative years. For newly acquired, previously operating hotels, where pre-acquisition RevPAR data is available, these hotels are included on a 'like for like' basis.

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ISIN:           IE00BJMZDW83, IE00BJMZDW83 
Category Code:  TST 
TIDM:           DAL,DHG 
LEI Code:       635400L2CWET7ONOBJ04 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   291536 
EQS News ID:    1795499 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

December 13, 2023 02:00 ET (07:00 GMT)

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