Jury's Doyle earnings set to improve due to increase in Dublin room rates

HOTEL room rates in Dublin are set to rise this year improving the earnings outlook for the Jury's Doyle hotel group according to Davy Stockbrokers.

In a detailed analysis of the hotel sector Davy analyst Barry Dixon comes out strongly in favour of Jury's maintaining an e11 price target in the share price which has been heading rapidly in that direction in recent days.

Mr Dixon points out that room revenue rates are more important than occupancy levels and provide a direct impact on the bottom line.