Dalata Hotel Group Plc (DLTTF, DAL.L), an Irish four-star hotel operator, announced on Wednesday that it expects like-for-like revenue per available room, or RevPAR, for the four-month period to April will be in line with the equivalent period in 2024. For Dublin, the company now expects RevPAR to grow by around 3 percent.
Earlier, the Group's first quarter RevPAR growth outlook was 2.5 to 5 percent.
The company said trading in March of the first quarter turned out to be lower than expected.
Further, Dalata Hotel said it expects RevPAR for months in 2025 to be lower than last year, but remains confident of its outlook for the economy and the hospitality industry within it.
John Hennessy, Chair of Dalata, said: "On March 6th, we announced that the Board is undertaking a strategic review to explore the available options to optimise capital opportunities to deliver on our 2030 vision and to enhance value for shareholders, including but not limited to a potential sale of the Group. The strategic review is ongoing and we will update shareholders in due course."
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