REG-Dalata Hotel Group PLC Dalata Hotel Group PLC: AGM Statement

Dalata HotelAnnouncement

28/04/2022 07:15

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   Dalata Hotel Group PLC (DAL,DHG)
   Dalata Hotel Group PLC: AGM Statement

   28-Apr-2022 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                               2022 AGM Statement

                       Strong recovery momentum continues

    Delivering on our growth strategy with at least 20% portfolio growth in
                                      2022

                         ISE: DHG              LSE: DAL

    

   Dublin and London | 28  April 2022:  Dalata Hotel  Group Plc ("Dalata"  or
   "the Group" or "the Company"), the largest hotel operator in Ireland, with
   a growing  presence  in the  United  Kingdom and  continental  Europe,  is
   holding its AGM today at 11:30 am  BST at Clayton Hotel Cardiff Lane,  Sir
   John Rogerson's Quay, Grand Canal Dock, Dublin 2. Shareholders are welcome
   to attend the meeting in person  or participate in the AGM  electronically
   using the link below.

   At the AGM,  John Hennessy, Chairman  of Dalata, will  make the  following
   statement:

   "2021 was another challenging  year for Dalata  and the wider  hospitality
   industry. However, I  am pleased  to say that  we have  moved firmly  into
   recovery with strong trading post re-opening across all markets. The focus
   on our people has always been central in how we operate at Dalata and  the
   actions taken throughout the pandemic to maintain and continue to  develop
   our core teams have been key factors in our ability to recover.

    

   To date, trade  in 2022 has  surpassed our expectations.  We announced  in
   March that RevPAR1 for the Group was approaching pre-pandemic levels and I
   am delighted to report that it is  expected to be 109% of 2019 levels  for
   the March/April period. RevPAR1 in April  will exceed 2019 levels in  each
   of our Dublin, Regional Ireland and  UK regions. As we look ahead, we  are
   optimistic for the summer months  given increased flight capacities and  a
   strong events calendar but remain cautious about the impact of  inflation.
   A number of hotel rooms in Dublin and Regional Ireland are also  currently
   being utilised  for other  purposes,  including to  accommodate  refugees,
   notably those fleeing the war in Ukraine.

    

   We continue to proactively manage the business in response to the  ongoing
   inflationary pressures.  Our decentralised model supported by our  Central
   teams, our dynamic pricing strategies  and our culture of cost  discipline
   are helping us respond to the cost increases we are seeing particularly in
   the areas of labour, energy and food.

    

   We continue to deliver on our growth plan  and by the end of this year  we
   will increase the number of rooms  in operation by at least 20%,  compared
   to the end of 2021. To date,  we have successfully opened four new  hotels
   and secured  our  first hotel  in  continental Europe  with  Hotel  Nikko,
   Düsseldorf. The Group's two  new hotels in  Manchester city centre,  which
   opened in January and February, are performing ahead of our  expectations.
   We opened our  first hotel in  Bristol last  month and today  is a  doubly
   significant date, in that while we  discuss our ambitious growth plans  at
   our AGM, we also officially open  The Samuel Hotel in Dublin. The  Clayton
   Hotel Glasgow City and Maldron Hotel  Merrion Road in Dublin are  expected
   to open in the coming months.

    

   Our ability to open new hotels and meet the rising demand at our  existing
   hotels would not have been possible without the continued hard work of all
   our teams across the  business. We remain steadfast  in our focus on  what
   supports  and  sustains  shareholder  value.  This  includes   attracting,
   retaining and  developing our  outstanding  team, enhancing  our  culture,
   growing our portfolio and continuing to develop a range of  environmental,
   social  and  governance  initiatives,  building  on  our  already   strong
   foundations. These  initiatives are  aligned  with shareholder  and  other
   stakeholder interests and will measurably reduce our environmental  impact
   as well as enhancing our positive  social impact. We are confident in  our
   ability to  respond to  the changing  needs of  our customers  and  secure
   further opportunities as we position Dalata for sustainable growth". 

    

   AGM details

   Shareholders can access the AGM, ask questions  and vote at the AGM via  a
   virtual meeting platform provided by Lumi AGM UK Limited. This can be done
   by accessing the meeting website:  1 https://web.lumiagm.com and using the
   meeting ID 171-302-356. The results of the resolutions relating to the AGM
   will be published later today.  Further information relating to the AGM is
   published          on           the           Company's           website:
    2 https://dalatahotelgroup.com/investors/shareholder-centre#agm

                                     -ENDS-

   About Dalata

   Dalata Hotel Group plc was founded in  August 2007 and listed as a plc  in
   March 2014. Dalata  is Ireland's  largest hotel operator,  with a  growing
   presence in the UK and continental Europe. The Group's portfolio comprises
   49 predominately four-star hotels with 10,663 rooms and a pipeline of over
   1,500 rooms. The Group currently has 29 owned hotels, 17 leased hotels and
   three management  contracts.  Dalata successfully  operate  Ireland's  two
   largest hotel brands,  the Clayton and  the Maldron Hotels.  For the  year
   ended 31 December 2021,  Dalata reported revenue of  €192.0 million and  a
   loss after tax of  €6.3 million. Dalata  is listed on  the Main Market  of
   Euronext Dublin (DHG)  and the  London Stock Exchange  (DAL). For  further
   information visit:  3 www.dalatahotelgroup.com

   Contacts

   Dalata Hotel Group plc              Tel +353 1 206 9400
   Dermot Crowley, CEO                 investorrelations@dalatahotelgroup.com
   Carol Phelan, CFO
   Sean McKeon, Company Secretary and Head of Risk and Compliance
    
   Joint Company Brokers                
   Davy: Anthony Farrell               Tel +353 1 679 6363
   Berenberg: Ben Wright               Tel +44 20 3753 3069
                                        
   Investor Relations  and  PR  |  FTI Tel +353 86 401 5250
   Consulting
   Melanie Farrell                     dalata@fticonsulting.com

    

   1 RevPAR is stated  on a like  for like basis and  includes a full  period
   performance of hotels regardless of when acquired and excludes hotels that
   have not benefited from a full 12  months of trading or have closed  since
   2019.

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   ISIN:           IE00BJMZDW83, IE00BJMZDW83
   Category Code:  AGM
   TIDM:           DAL,DHG
   LEI Code:       635400L2CWET7ONOBJ04
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   158111
   EQS News ID:    1337581


    
   End of Announcement EQS News Service

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