Ireland’s largest hotel operator Dalata Hotels (DAL:AIM) is due to report its results for the six months to the 30 June 2023 on 29 August and fellow hotelier PPHE Hotel Group (PPH) on 31 August.

Dalata posted a strong second quarter update in June with like-for-like group RevPar (revenue per available room) ahead of 2022 levels.

The group said it ‘has continued to trade strongly an expects EBITDA (adjusted earnings before interest taxation depreciation amortisation) to be in excess of €100 million for the six months to 30 June 2023’.

Dalata said its ‘group margin performance has continued to improve’ and the ‘Maldron hotels in Shoreditch London, Brighton, Liverpool and Manchester will further enhance the group’s portfolio of modern four-star hotels’.

Jack Cummings, analyst at Berenberg said in a research note: ‘We continue to be bullish about Dalata due to management's exceptional record of creating value for shareholders and the company's attractive pipeline in the UK regions and London, in addition to its properties in Ireland and the property in Germany, which will drive further growth.’

PPHE also reported a positive trading update previously for the three months ending 30 June 2023 due to ‘forward booking momentum’ and an solid showing in the UK and Netherlands.

The hotels group is anticipating that ‘H1 2023 revenue will be in excess of £177 million (versus £155 million pre-Covid H1 2019) and RevPar of £109 (versus £93 pre-Covid H1 2019)’.

UK UPDATES OVER THE NEXT 7 DAYS

FULL-YEAR RESULTS

August 31: Revolution Beauty

HALF-YEAR RESULTS

August 29: Dalata Hotel, Faron Pharmaceuticals, Bunzl, Crestchic

August 30: Flowtech Fluidpower

August 31: PensionBee, PPHE Hotel

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