Dalata Hotel Group has reported higher pre-tax profits and revenues for 2018 and said that it was confident in its outlook.
Pre-tax profits for the year rose by 13% to €87.3m from €77.3m in 2017, while revenues increased by 11.8% to €393.7m from €352.2m.
The hotel group said that revenue per available room (RevPar) rose by 4.7% to €94.13.
During the year, Dalata opened 1,150 new rooms as it opened the Clayton Hotel Charlemont in Dublin and four new Maldron hotels in Dublin, Cork, Belfast and Newcastle.
It also completed four extensions to existing hotels – the Clayton Hotel Dublin Airport, Maldron Hotel Parnell Square in Dublin and Maldron Hotel Sandy Road in Galway.
In line with its commitment last year, Dalata said it has started the payment of dividends. It said it plans to pay a total dividend per share of 10 cent for 2018, which represents 25% of its profit after tax.
"This dividend level reflects our commitment to drive returns for our shareholders and the board's confidence in the prospects for the business," the company's chief executive Pat McCann said.