Half Year 2024 Dalata Hotel Group PLC Earnings Call Transcript

Sep 04, 2024 / 07:30AM GMT
Operator

Good day and thank you for standing by. Welcome to Dalata Hotel Group PLC 2024 Half-year results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Dermot Crowley, CEO. Please go ahead.

Dermot Crowley - Dalata Hotel Group PLC - Chief Executive Officer, Executive Director

Good morning, and thank you everyone, for joining us today as we announce Dalata's results of first six months of 2024. I'm here with Carol Phelan, our CFO; and Shane Casserly, our Deputy CEO. Carol will give financial review with market overview. While Shane will take us through our growth strategy. I by will then wrap up at the end with the outlook.

Turning to page 4 of the slide deck. Showing in the first half of 2024, and we saw what we expect is the impact of increasing supply [and open] the increase in the VAT rate environment and reduction in domestic consumer demand in Ireland and the UK. The additions to the portfolio in 2023 compensate for the

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