NI hotels groups bounce back from pandemic impacts

Image source, Getty Images

Image caption, The Galgorm Collection, Andras House and Hastings Hotels had combined profits of more than 拢22m in 2022
  • Author, John Campbell
  • Role, 大象传媒 News NI economics and business editor

Northern Ireland's major hotel groups bounced back strongly from the impacts of the pandemic, company filings show.

The Galgorm Collection, Andras House and Hastings Hotels had combined profits of more than 拢22m in 2022.

That compares to about 拢3.7m in 2021 when hospitality businesses were badly disrupted by public health restrictions.

Official data published earlier this year showed hotels in NI sold 3.75m beds in 2022.

That was not a full recovery compared to the last pre-pandemic year in 2019 when 3.95m beds were sold.

The latest company data from the Galgorm Collection shows its turnover more than doubled from 拢22.7m in 2021 to 拢45.1m in 2022. Pre-tax profits were up from 拢3.2m to 拢7.6m

The Galgorm Collection's core business is the Galgorm resort near Ballymena. Its other properties include The Rabbit in Templepatrick.

Earlier filings from Andras House and Hastings Hotels showed a similar picture.

Turnover at Andras House jumped from 拢7.8m to 拢29.4m and a pre-tax loss of 拢222,000 turned into a profit of 拢8.8m.

The Andras House portfolio includes the Crowne Plaza in south Belfast and the Holiday Inn in the city centre.

The business also has an office portfolio but the hotels account for the vast majority of its turnover.

Turnover at Hastings Hotels rose from 拢28m to 拢43m while pre-tax profit jumped from 拢680,000 to 拢6.2m.

Its properties include the Europa and Grand Central in Belfast. In 2021 it sold the Slieve Donard in County Down to a US firm.