Dalata Hotel Group Reports FY 2024 Results with Revenue Growth

Dalata Hotel Group PLC, the largest independent four-star hotel operator in the UK and Ireland, released its FY 2024 results showcasing a 7.3% revenue increase to €652.2 million. Adjusted EBITDA rose 5.1% to €234.5 million. However, profit after tax decreased by 12.7% due to higher accounting charges related to refinancing and portfolio growth.

The group maintained a high occupancy rate of 80.4% and implemented cost-saving projects that mitigated inflation impacts. Free cash flow generation amounted to €123.7 million. Dalata's ambitious 2030 vision aims for an 80% room growth through strategic acquisitions and developments, reaching 21,000 rooms.

The board proposed a final dividend of 8.4 cents per share, reflecting a 5% increase. The group is confident for 2025, supported by strong market demand and efficiency initiatives to counter rising payroll costs.