LONDON (ShareCast) - (Sharecast News) - Dalata Hotel Group has traded in line with expectations during the last four months of the year, with profits and revenue per available room increasing on last year.
The AIM-listed firm's Dublin operations were "very strong" in the second half of the year, with revenues per available room growing 8.8% on a like-for-like basis in the eleven months ended November versus the 7.4% recorded a year prior.

Dalata's regional Ireland portfolio also performed "very well", achieving a revenue per available room increase of 5.3%, while its UK hotels saw a 3.2% improvement in revenues.

The Dublin-based outfit said the final quarter of 2018 had been "a busy time" for the group, opening new hotels in Cork, Dublin and Newcastle and completing extensions at its Maldron Hotel Parnell Square asset in Dublin.

Deputy chief executive Dermot Crowley said: "2018 was earmarked as a year in which we would complete a substantial number of rooms, I am delighted that we have delivered these projects on time and within budget."

When discussing Brexit, Crowley added: "We note the ongoing uncertainty surrounding the final outcome of Brexit. To date, we have seen no negative impact on trading in any of our hotels in the UK or Ireland."

As of 0820 GMT, Dalata shares had dropped 3.39% to 398.50p.

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