Profits Have Soared at This Luxurious City Centre Hotel Following a Successful Turnover

The Merrion Hotel

If you are looking for accommodation in Dublin, luxury is always key to a truly noteworthy overnight stay. The beautiful surroundings of the Merrion Hotel have proven to be a winner year after year, and reports show the hotel has impressively soared in pre-tax profits by 45%.

Loved by both local Irish and tourists, it’s no surprise that the 5 star hotel has had such a successful year with an equally brilliant accommodation turnover as well as an increase in their food and drink surplus. The Irish Times reported that there has been a 15% rise to €14.01 million for the former, adding to its overall turnover of €21.5 million.

The Merrion Hotel

A wonderful addition to the hotel’s profile, this favourable outcome has also helped the staff employed as wage and salary costs increased by 4% for their 283 employees per month, which includes those who work within Ireland’s only 2-Michelin star restaurant, Restaurant Patrick Guilbaud.

During the financial year ending in October 2016, their pre-tax profits have rocketed from over €1 million to €3.42 million, which directors are extremely pleased with.

On the account for Hotel Merrion Ltd., a note read that “the hotel had a good year in revenue, room rates and occupancy being at their highest levels, reflecting a strong performance in the Dublin market.

“The near-term outlook remains strong and we believe that we can maintain revenues and profitability.”

The Merrion Hotel

Hosting 123 bedrooms and 19 suites, the hotel is also a strong venue for professionals to meet, fine dining evenings and events of all sorts, all of which has helped the profile and profits on a huge scale. Christmas time is also hugely popular for the hotel, as it hosts many special menus during the seasonal festivities too.

To learn more, visit the www.merrionhotel.com

You may also like...