Five-star hotel group slips further into red despite 14% rise in revenue

A hotel group that operates two five-star hotels in Co Kerry plunged further into the red last year — in spite of a jump in revenues.

Killarney Hotels Ltd operates the award-winning five-star The Europe Hotel & Resort and the five-star 102-bedroom Dunloe Castle Hotel along with the four-star Hotel Ard na Sidhe.

Now, accounts just filed by the Swiss-owned firm to the Companies Office show that the group recorded a pre-tax loss of €7.6m last year.