Dublin hotels see revenue growth of 9.1%

REVENUE growth in the Dublin hotel sector was 9.1% in September, according to the latest Deloitte Hotelbenchmark survey.

The increase in profitability of the capital’s hotels will put pressure on the business consortium who have put Gresham Hotels in play for a takeover following their failed €100m-plus bid for the company.

Despite a ruling from the Irish Takover Panel that Gresham is “in an offer period” for the purposes of disclosures by any of the parties involved, no further disclosures of holdings over 1% in the company have been made.