Finance

Dalata hotels insists it’s ready for recovery as pandemic destroys profit

By 2021-03-02T08:08:00

Dalata Aldgate Place

Covid-19 devastated revenue at Dalata Hotel Group with the lockdowns slashing income by 68% and leading to the Dublin-based group swinging to a €111.5m (£96.4m) pre-tax loss for the year to the end of 2020.

Signalling its determination to survive the pandemic the group, which titled its full year figures “Unbowed and unbroken”, insisted it remains in a strong financial position and was preparing for a strong recovery once hotels are permitted to open again after the easing of lockdown restrictions in the UK and Ireland.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue