Hotels

European hotel values rise

Hotel values across Europe gained a further 3% last year according to the annual European Hotel Valuation Index (HVI) compiled by global hotel consultancy HVS, marking the third year of increase for Europe’s hotel sector.

Most of the cities in the survey showed a positive valuation performance in 2019, with 10 experiencing value swings of over 5%. Only six of the 33 markets tracked in the European HVI showed a value decline.

The year saw increased momentum for hotels in Southern Europe, with an overall increase in values of 7% - up from 4% in 2018 – with all cities in the region showing a value rise. Eastern Europe showed a more mixed result in 2019, with some cities in the region experiencing a fall in values.

Dalata grows earnings by 13%

Dalata has reported earnings of €134.8m for 2019, up 13pc on the prior year, as Brexit did not impact the business. mccann0918

The group said “strong” cost control ensured it maintained its earnings, despite what it said was “tougher” market conditions in Ireland.

In Dublin, the hotel chain outperformed the market revenue per available room.

Overall, revenue increased by €36.6m during the year to €429m driven by new additions to the portfolio.

The 1,692 rooms which were added in the last two years in Dublin, Cork, Galway, Belfast, Newcastle, Cambridge and London are “performing very well,” the company said in its annual results.

Four Star Tower

The Tower Hotel and Leisure Centre in Waterford has been upgraded from 3-star to a 4-star rating by Fáilte Ireland. tower0220

Pictured at the announcement of the upgrade are Seamus O’Carroll, General Manager; Sinead Corcoran, Sales & Marketing Manager; Michael O’Neill, Operations Manager; Niall Byrne, Accommodation Manager. Located in the heart of Ireland’s oldest city, the Tower Hotel and Leisure Centre has recently completed a large renovation project which includes all 134 bedrooms undergoing a full refurbishment.Since early 2018, the hotel has received aninvestment that has enabled it to upgrade all areas, including an extended lobby with atrium, plus a refurbishment of the Ardmore Suite Ballroom and adjoining Ardmore Lounge.

Premier Inn for Dublin's Newmarket

Whitbread has acquired a site at Newmarket Square in Dublin 8 on which it is planning to develop a new 151-bedroom Premier Inn hotel.

Head of Acquisitions for Premier Inn in Ireland Kevin Murray said, 'Securing the Newmarket site and reaching over 1,000 bedrooms in the pipeline is a significant landmark for us as we aim to be the number one budget hotel chain in Ireland. The site is within an exciting regeneration area and we're confident it will trade strongly being right across the street from the Teeling Whiskey Distillery and within walking distance of the Guinness Storehouse, St Patrick's Cathedral and Christchurch."

Forbes Star for Intercon.

Intercontinental Hotel Dublin is given 'Star' rating inthe 2020 Forbes Travel Guide, intercon0220

Forbes Travel Guide is recognised for creating the original concept of Five-Star service over the past 60 years, and InterContinental Dublin is the latest addition to its annual Star Rating list.

The five-star InterContinental Dublin which is located in Ballsbridge Dublin 4 has won many accolades including the Gold Medal Award as “Ireland’s Five Star Hotel” at the Hotel & Catering Review’s Gold Medal Awards and is a member of Virtuoso, a leading global network of travel partners specializing in luxury and experiential travel, comprised of more than 1,700 preferred suppliers in 100 countries. InterContinental Dublin was also named as one of Condé Nast Traveler’s Top 10 Hotels in Ireland, as voted for by readers, in the annual Readers’ Choice Awards.