The hotel industry is a microcosm of the wider economy. At first glance, it seems to be thriving. However, the more you peel it back, the more vulnerabilities emerge.
International investors are making bold plays on the Irish hotel market. Private equity buyers and well-heeled private buyers are also circling. Yet, margins and room revenues are under pressure, and a host of hoteliers have handed over the keys to the state.
Today's earnings show Dalata's hotel rooms are filling back up and people are willing to pay for them. So why hasn't the share price responded?
In an wide-ranging interview, Pat McCann, the hotelier and new president of Ibec, talks about the future of the Irish economy, the hotel industry and the secret to keeping investors happy.
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