Losses at Dalata narrowed to €37.8m in the first half of this year, from a loss of €70.9m in the corresponding period last year.
The company, whose brands include the Maldron and Clayton hotels, reported a positive adjusted earnings before interest, taxation, depreciation and amortisation of €1.4m in the six months to June 30 driven by “strong operational management.”
Revenue of €39.6m was down 51pc compared to the corresponding period last year, with the tourism sector particularly impacted by Covid restrictions.
Occupancy levels for the first half of this year fell to 19.9pc from 34.3pc in the same period last year.
The company said there has been increasing demand for staycations since hotels fully re-opened for leisure in May in the UK and June in the Republic of Ireland.
Occupancy levels across its hotels were at 44pc in June, increasing to 58pc in July and 68pc in August.
The company has a “robust” balance sheet backed by €1.2bn in property, plant and equipment.