Tifco hotels group plunges into red but quarantine contract cushions hit to revenues    

New accounts show it posted a pre-tax loss of more than €1.1m, as revenues fell to €11.8m from almost €36.5m in 2019

The Dublin Airport Crowne Plaza, one of Tifco's mandatory quarantine hotels.

Tifco, the hotel group that helps run the Government's Covid quarantine facilities, fell into the red last year.

New accounts for Ireland’s second largest hotels group show it posted a pre-tax loss of more than €1.1m, as revenues fell to €11.8m from almost €36.5m in 2019.