Griffin Group Hotels Ltd, a leading Irish hospitality operator, reported robust 2024 financial results alongside an unprecedented sustainability achievement, becoming the first hotel group in Ireland with greenhouse gas reduction targets validated by the Science Based Targets initiative (SBTi).

The Wexford-based group, which includes Monart Destination Spa, Ferrycarrig Hotel, and Hotel Kilkenny, recorded a turnover of €34.96 million, up from €30.48 million in 2023, and a profit after tax of €2.04 million, increasing from €1.76 million the previous year. Despite inflationary pressures and rising energy costs, the company maintained profitability while accelerating its climate action strategy.

CEO Michael Griffin confirmed the company will reinvest over €3 million in 2026 to further its sustainability roadmap. Planned initiatives include extensive refurbishment of bedrooms and Active Clubs at Ferrycarrig Hotel and Hotel Kilkenny, alongside operational upgrades to reduce energy use and emissions.

From 2016 to 2023, the company eliminated 44% of its CO₂ emissions. Under the SBTi-approved targets, Griffin Group Hotels aims to reduce Scope 1 and 2 emissions by 54.6% and Scope 3 emissions by 32.5% by 2033. These commitments align with pathways designed to limit global temperature rise to 1.5°C.

Director Liam Anthony Griffin emphasised that SBTi validation demonstrates tangible accountability. The group is actively engaging suppliers and embedding sustainability across its business model to meet international climate standards while maintaining operational efficiency.

The combined strategy of financial growth, property reinvestment, and measurable carbon reductions positions Griffin Group Hotels as a benchmark for climate-conscious business in the Irish hospitality sector.

Explore the full report on Griffin Group Hotels’ sustainability and growth strategy in the complete story.