Ryan Hotels today reported a four per cent rise in pre-tax profit and said foot-and-mouth restrictions were impacting business.
The group posted full year pre-tax profit of euro 9.3 million on turnover of euro 56.3 million, up 21 per cent.
Earnings were up 23 per cent to euro 14.5 million, while earnings per share eased to euro 0.1063 from euro 0.1078.
Ryan said restrictions brought in to curb the spread of foot-and-mouth disease in Britain and Ireland were affecting its operations, particularly in city centre locations hit by the cancellation of sports fixtures, conferences, and festivals.
But it said it expected to make up lost ground when the clampdown was relaxed.
"The board would like to stress their belief that the these external factors will be relatively short in nature and that the development of the group will not be impeded in any way," it said in a statement.
Occupancy for the group grew to 81 per cent from 80 per cent previously, with the average yield per room sold increasing by five per cent in the year.