Earnings at hotel group expected to rise by 40%

The CEO of the country’s largest hotel group said yesterday he expects earnings at the group to increase by 40% on the €2m recorded last year.

The Dalata Hotel Group is led by Pat McCann. It operates 4,700 hotel rooms.

The group recorded earnings before interest, tax, depreciation and amortisation (EBITDA) last year of €2m — up from the €800,000 in 2010. Mr McCann said: “It was a much improved performance last year. We had a low point in 2009 and we have continued to make progress since. Last year was a decent performance in a tough environment.”