Tourism & Hospitality Spring 2018

Published: Feb 13, 2018

The Alexander (soon to be renamed The Alex), The Davenport and the Stephen’s Green Hotel are due for an upgrade totalling €30m. They are all part of the O’Callaghan Hotel Group.
Dalata have announced plans to add 8,000 rooms to its UK base of hotels over the next 5 – 7 years. They are targeting 20 cities with the view to take between 10% to 15% of the regional hotel market. Dalata currently operate 8 hotels in the UK.
Muckross Park Hotel have reported 2016 accounts showing a post-tax loss of €198,732. 2016 however saw gross profit increase by €1m to €4.8m. The company saw 2015 accounts reporting a post-tax loss of €836,804. However, strong earnings are expected for 2017 and 2018 according to management accounts and budgets. New owners iNua Hospitality purchased the hotel for €6.25m.

Minister for Housing Eoghan Murphy has laid out plans to help first-time buyers purchase a home.&n...

Australia: 55 Irish companies flew to Australia to pitch their products to the country in November...

UK: the IMF predicts global growth this year and 2019 to be 3.9%, the biggest expansion since 2011...