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The latest announcement is out from Dalata Hotel ( (GB:DAL) ).
Dalata Hotel Group expects to deliver a strong financial performance for 2024, with adjusted EBITDA exceeding €232 million, marking a 4% increase year-on-year. The company has managed to enhance productivity through innovation and strategic acquisitions, including new hotel openings and a refinancing of debt, positioning itself for continued growth and resilience against rising costs. The addition of the Radisson Blu Hotel Dublin Airport and the development of a new Clayton hotel in London further strengthen its market position, while the anticipated rise in passenger numbers at Dublin Airport promises to boost the hospitality sector in Ireland.
More about Dalata Hotel
Dalata Hotel Group plc is a leading hotel operator in Ireland, established in 2007, with a significant presence in the UK and Continental Europe. The company operates primarily through its Clayton and Maldron hotel brands, boasting a portfolio of 56 primarily four-star hotels, and has a growth strategy focused on expanding into large cities in the UK and Europe. Dalata is listed on Euronext Dublin and the London Stock Exchange.
YTD Price Performance: 1.99%
Average Trading Volume: 89,129
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £776.6M
For detailed information about DAL stock, go to TipRanks’ Stock Analysis page.
