Industry & Business

Profits and Revenue Rise For theKeyCollections

 Breaking News
  • Fáilte Ireland Ramps Up Brexit Preparations With €5 Million Investment Fáilte Ireland – the National Tourism Development Authority – will invest €5 million to support the tourism sector as it prepares for Brexit. The announcement marks a significant ramping up of activities to ensure Irish tourism is both ‘product-ready’ and ‘industry-ready’ ahead of the UK withdrawal from the EU. The investment comes as new figures published by Fáilte Ireland [...]...
  • €750,000 Competitive Start Fund For Start-ups in All Sectors The 2019 Competitive Start Fund (CSF) will open to all sectors for applications on Tuesday 29th January, 2019. The €750,000 fund will provide up to €50,000 in equity funding for up to 15 successful entrepreneurs and start-ups. The fund closes to applications at 3pm on Tuesday, 12th February 2019. The Competitive Start Fund provides entrepreneurs and [...]...
  • Cork Chamber to Mark its 200 Year Anniversary Cork Chamber of Commerce have launched their 200 year anniversary programme, with the announcement that the President of Ireland, Michael D. Higgins, will give the keynote speech at this year’s Annual Dinner. In his first address to a business audience since his second term inauguration, the President will address attendees at the sell-out Annual Dinner in [...]...
  • Visitors to Irish Whiskey Distilleries Up 13% in 2018 The Irish Whiskey Association (IWA) has published statistics which show that there were 923,000 visitors to Irish whiskey distilleries in 2018. This marks a 13.4% increase on 2017, when visitor numbers reached 814,000. The figures are based on returns from 13 Irish whiskey distillery visitor centres and brand homes located across the island of Ireland. Overseas [...]...
  • Ulster Bank Introduces ClearSpend – A Market-first Free Mobile App Ulster Bank has introduced the innovative ClearSpend mobile app to its Irish business customers, becoming the first bank in Ireland to put real time, company budget control in customers’ pockets. The free app was developed in partnership with Silicon Valley start-up SpendLabs. The first of its kind, ClearSpend allows businesses to set budgets at company, business [...]...

Profits and Revenue Rise For theKeyCollections

Profits and Revenue Rise For theKeyCollections
December 13
12:25 2018

Newly-filed accounts for the Dublin-based tourist accommodation business theKeyCollections reveal that the group’s full year profits for 2017 rose by over 33% to €1.2 million with group revenues increasing to €22.5 million, representing growth of over 22%. Group Marketing Manager Christopher Kenny attributes the positive results to: “Favourable market conditions in the Dublin hotel market which resulted in occupancy rates of over 98% for our Dublin hotels in 2017 and our ongoing acquisitions. 2017 saw theKeyCollections sign a long-term management contract for the 35-bedroom Camden Hotel, formally the Camden Deluxe Hotel, which was immediately revenue enhancing.”

TheKeyCollections which was launched in 2012 employs over 300 people across all of its properties and in its head office, which is located in Ballycoolin, Dublin 15. This year the Irish tourist accommodation provider added The Exhibitionist and Gainsborough Hotels in South Kensington, London and The Gate Hotel in Dublin to theKeyCollections’ growing portfolio of hotels, bringing the number of hotels from five and seven overall.

TheKeyCollections is owned by Nina Gillett and Sheila O’Riordan (pictured). Nina and Sheila both operated individual hotel consultancy companies and in 2011 they combined their resources to operate Roomyield Ltd which offered room yield management and sales services to over 40 client hotels in Ireland and several locations abroad.  In 2012 the two business women started entering into leases to operate hotels and guesthouses in Dublin, which resulted in their company growing from a purely consultancy firm, to a company that manage and operates properties in Dublin, London and Carrick-on-Shannon.

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4