Doyle Hotels reduces losses

THE Doyle Hotel Group reduced its pre-tax losses from €75.5 million to €25m last year.

The company has hotels in Ireland, Britain and the US and last year increased its turnover from €84.7m to €103.2m in 2010. Gross profits were up from €18.5m to €26m, according to accounts filed for Doyle Hotels (Holdings) Ltd.

The key risks and uncertainties facing the future development of the group include a further deterioration in the global economy, changes in inflation, an increase in interest rates and fluctuation in exchange rates.