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

Dalata HotelAnnouncement

27/04/2023 07:15

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

   27-Apr-2023 / 07:00 GMT/BST

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                               2023 AGM Statement

                    A very successful year for the business

                        Continued strong growth in 2023

                         ISE: DHG              LSE: DAL

    

   Dublin and London | 27  April 2023:  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 Gibson Hotel, Point Square, North
   Dock, Dublin. Shareholders are welcome to attend the meeting in person  or
   participate in the AGM electronically using the link below.

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

   “A year  ago, I  wrote of  the challenges  of 2021  and of  the  tentative
   feeling of optimism that we were  experiencing then, as the worst  effects
   of Covid-19  began to  recede. At  that time  of global  geopolitical  and
   economic uncertainty, the  future was  unclear, but we  believed that  the
   return of activity in  our key markets  would allow us  to plot a  gradual
   course back to the levels of success we had enjoyed before the pandemic.

    

   As  it  transpired,  our  performance  in  2022  exceeded  even  the  most
   optimistic of  expectations. The  priorities that  we adopted  during  the
   pandemic – to protect our people, our culture, our business, and our  cash
   – has  paid dividends.  We  reached several  milestones during  the  year,
   including opening our fiftieth hotel and surpassing €500 million in  hotel
   revenue. Our focus on  our people and our  customers is reflected in  very
   positive feedback obtained through regular surveys. An increased  emphasis
   on innovation is helping us mitigate the challenges of inflation and  meet
   changing customer needs.

    

   In 2023, Dalata has continued to trade strongly. We disclosed in  February
   that Group 'like for like'  RevPAR1 was 25% ahead  of 2019 levels for  the
   January/February period; I am delighted to report that RevPAR is  expected
   to be  28%  ahead  of 2019  for  the  January to  April  period.  Q1  2022
   performance continued  to be  impacted by  Covid-19 related  restrictions,
   however,  the  lifting  of  restrictions   by  Q2  2022  will  allow   for
   year-on-year comparisons to resume going forward. As we look ahead, we are
   optimistic for the summer  months buoyed by  the rebound in  international
   travel, conferences and sustained domestic tourism.

    

   Our recent  hotel  additions  continue  to perform  well,  and  we  remain
   focussed on our growth strategy. We look forward to the opening of Maldron
   Hotel Finsbury Park, London in the summer of this year. Development  works
   on our  pipeline hotels  are  progressing, with  the construction  of  our
   second Maldron Hotel  in London,  Maldron Hotel Shoreditch,  on track  for
   completion in  Q1  2024.  This  will  further  enhance  our  portfolio  of
   sustainable, modern  four-star hotels  as we  continue to  deliver on  our
   strategic growth plan. Construction  of our new  Maldron leased hotels  in
   Brighton, Liverpool and  Manchester continues,  with all  scheduled to  be
   completed in Q2 2024.  Maldron Hotel Croke Park,  Dublin is scheduled  for
   completion in H1 2026.

    

   Dalata has emerged from two difficult years and has resumed the growth and
   success that have characterised the business since its inception. We  will
   continue this growth  in our target  markets in the  coming years. We  are
   committed to upholding  our responsibilities  to the  environment, to  the
   communities in which we operate, to our customers, employees, shareholders
   and to all other stakeholders.  Although there are many challenges  ahead,
   we see a very bright future for our business”. 

    

   AGM details

   Shareholders can access the AGM, ask  questions and vote at the AGM via  a
   virtual meeting  platform.  This can  be  done by  accessing  the  meeting
   website:   1 meetnow.global/DHGIAGM2023

   on the date appointed for the AGM. 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
   50 three and  four-star hotels with  10,953 rooms and  a pipeline of  over
   1,300 rooms. The Group currently has 29 owned hotels, 18 leased hotels and
   three management  contracts. Dalata  successfully operates  Ireland’s  two
   largest hotel brands,  the Clayton and  the Maldron Hotels.  For the  year
   ended 31 December 2022,  Dalata reported revenue of  €558.3 million and  a
   profit after tax of €96.7 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                     
    Dermot Crowley, CEO                       Tel +353 1 206 9400
    Carol Phelan, CFO
    Graham White, Head of Investor Relations

    Sean McKeown, Company Secretary and Head of Risk and Compliance
    

    

    
   Joint Group Brokers                         
   Davy: Anthony Farrell                      Tel +353 1 679 6363
   Berenberg: Ben Wright                      Tel +44 20 3753 3069
                                               
   Investor Relations and PR | FTI Consulting Tel +353 86 401 5250
   Melanie Farrell                            dalata@fticonsulting.com

    

   1 RevPAR is stated on a ‘like for like’ basis and excludes the performance
   of hotels that  newly opened  or ceased  trading under  Dalata during  the
   comparative years. For newly acquired, previously operating hotels,  where
   pre-acquisition RevPAR data is available,  these hotels are included on  a
   ‘like for like’ basis.

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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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.:   239836
   EQS News ID:    1618343


    
   End of Announcement EQS News Service

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