Shelbourne profits suffer after dip in tourism

THE landmark Shelbourne Hotel in Dublin made a pre-tax loss of €81,904 in the year to end June 2003.

The hotel, one of Ireland’s oldest, has had a torrid time in the past few years with a downturn in tourism in Ireland and financial problems at its owner, Le Meridien group.

The loss for the period was down significantly on the €1.1 million it incurred in 2002, but a €2.3m tax bill pushed down net loss for the year, accounts just filed at the companies’ office show.