160 Managers meet at Cliste Hospitality Management Conference in Limerick and Announce Positive Outlook for their 10 Hotels for 2022
Leading hospitality management company Cliste Hospitality is forecasting that revenues at managed hotel properties will be back to 2019 levels this year. The group revenue forecast of €70 million is supported by strong demand from both the domestic and international leisure markets.
Cliste Hospitality manages 10 hotels under The iNua Collection brand, Ireland’s largest regional hotel group, including The Radisson Blu Hotels in Cork, Limerick, Sligo and Athlone, Muckross Park Hotel in Killarney and The Tullamore Court Hotel.
The company hosted their management conference in Limerick yesterday, where 160 managers from across the 10 hotels came together for the first time in two years. The conference was opened by Irish Hotel Federation President Elaina Fitzgerald with a look forward to brighter days ahead for the tourism and hospitality sector and the exciting opportunities for those who work in the industry.
“Our very positive revenue forecast is based on strong forward bookings from the leisure market,” said Sean O’Driscoll, Director of Hotels at Cliste Hospitality, “and also an increase in corporate meeting enquiries since Covid restrictions were lifted in the hospitality sector on January 22nd.”
“Conference and event enquiries have been buoyant in recent weeks,” Mr. O’Driscoll continued, “and our hotels already have 420 weddings booked for 2022. The group also expects to host 200 concerts this year, with a strong rebound in the entertainment industry.”
Cliste Hospitality currently employs 1,300 people and expects to create another 100 jobs during 2022. They recently announced their 10th hotel under management with the opening of the 163-bedroom Dublin One hotel on Lower Dorset Street in Dublin. As part of that management contract, Cliste Hospitality operate the newly reopened Big Tree pub on the same site, a local favourite and popular with GAA supporters and concert-goers to Croke Park. Cliste Hospitality also recently announced the purchase of The Viaduct Bar & Restaurant located on the N71 just outside Bishopstown in Cork, where the group plans to develop a new destination dining concept.
“Despite the once in a generation challenges that the pandemic brought to our sector, we took the opportunity during various lockdowns to build the Cliste Hospitality management team,” said Paul Fitzgerald, Chief Executive of Cliste Hospitality,
“and strengthen our expertise across hospitality project management, food & beverage concepts and digital marketing. To meet the moment, the company has grown the senior hospitality management team from six employees to 30 over the last three years. This expansion will allow Cliste Hospitality to acquire more hotels, bars and restaurants and also provide management contract services to both international investment funds who are purchasing hotels and to independent hotel owners, who need assistance rebuilding their business post-Covid. Improved business sentiment and renewed investor interest in the sector means we are very optimistic for the immediate future.”
Cliste Hospitality in Numbers:
- 1300 employees
- 1158 rooms
- 21 bars & restaurants
- 7 coffee docks
- 78 meetings & event spaces
- 7 convention centres with capacity for 500+ delegates
- 400 happy wedding couples each year
- 6 leisure centres with 4000 members
- 5 Spas
- €70m in revenues
- €20m in Capex investment
- €25m in procurement managed each year
