Dalata

‘It was absolutely not deliberate,’ says chief executive Dermot Crowley

US markets close for Labor Day, while traders contemplate September, which can be treacherous month for markets

Stoxx 600 Index has rallied for the past four straight weeks, longest streak since March

Irish hotel group denies cancelling room bookings at its Maldron hotels for nights band is due to play and reselling them at a higher price

Investors awaiting interest rate clues from Jackson Hole

Irish market ends the day down, with Dalata and Glanbia the big fallers

Ryanair the standout stock as banks retreat

Dalata will operate the four-star property under its Maldron brand, under an agreement with the GAA

Private equity firm investment some €10 million in Eastland Engineering Supples in 2019

The group also plans to open a Maldron hotel at Croke Park in Dublin in 2026 along with a hotel in Edinburgh in the same year

Increased supply, rise in VAT rate hits room revenue

Banks were in focus on Dublin market as it was confirmed that euro zone inflation ticked up to 2.6 per cent in May

Iseq index a sea of red as investors fear looser fiscal policies if far-right National Rally party wins

Investors shrugged off Thursday’s interest rate cut by the European Central Bank as AIB and Bank of Ireland rose

The banks were among the biggest losers in Dublin as investors eyed expected ECB rate cut later this week

Investors renew bets on borrowing charge cuts ahead of European Central Bank meeting this week

Hotel group’s chief executive says the secret sauce for its success to date has been its people

Dalata chief executive Dermot Crowley says the investment will deliver consistency in its communications with customers

IAASA concluded that the sale of lands at the former Tara Towers Hotel in south Dublin was not part of the ordinary activities of a hotel group such as Dalata

Dublin hotel market sees new competition

Banking stocks out of favour as Iseq All Share index declines and IMF warns of likelihood of central banks raising rates

London’s FTSE 100 recovered some, but not all, of its losses from Friday

Oil prices briefly rose above $89 a barrel for the first time since October, which led to falling stocks in the travel sector

Europe’s Stoxx 600 was up 0.2 per cent, bringing quarterly gains to about 7 per cent

Hotel group reports pretax profit of €105.5 million

World stocks dipped on Wednesday amid a spate of disappointing earnings reports, as investors also await US and euro zone inflation data

Euronext Dublin finished the day down 0.3% as it was dragged lower by homebuilders and hotels group Dalata

The Taylor Swift effect this summer is just one in a series of big events that is boosting room rates

Hotel group Dalata up 0.8% in Dublin as its share price climbed above pre-Covid levels for first time

Euronext Dublin saw a “weaker day” on Wednesday compared to the rest of January, according to Dublin traders

Dublin market up slightly with shares of Kerry Group advancing 2 per cent

Existing deal for Maldron Hotel Dublin Airport was due to expire this month

An absence of major news has not stopped investors from ramping up bets on rapid-fire rate cuts next year

Irish shares end the day marginally lower

The best news, analysis and comment from The Irish Times business desk

But questions remain about future of travel and tourism as consumer concerns bite

Investors swerve risky bets as they await news on US and EU interest rates

Hotel group due to open four new hotels in 2024, adding 834 rooms to its portfolio

In Dublin, shares were down on the day, in line with European peers.

The average daily room rate in Irish hotels was €162.10, which represented an increase of 1.5% on last year, data shows