Dalata Hotel Group shares surge after better-than-expected trading levels

The group has also appointed the general manager of the Maldron Hotels chain, Conal O’Neill, as chief operations officer

The Dalata Hotel Group said occupancy levels across its Clayton and Maldron chains was better than expected during September and October, stoking hopes of a sustained recovery in the tourism sector.

Shares in the country’s largest hotel operator surged by more than 8% on a better-than-expected trading update, stoking hopes of a swift and lasting recovery in the tourism sector.

The Dalata Hotel Group – which owns the Clayton and Maldron chains – said it saw a stronger trading performance in September and October than it had expected, with positive momentum experienced since hotels re-opened in the summer continuing into the latter portion of the year.