Wexford-based hospitality company plans investment of over €3m in climate action initiatives for 2026
Liam Anthony and Michael Griffin of Griffin Group Hotels.
Hotel Kilkenny.
The Ferrycarrig Hotel.
Monart Destination Spa in Enniscorthy, Co Wexford.
Griffin Group Hotels Ltd, one of Ireland’s leading hospitality groups, has reported its financial results for 2024 alongside a landmark achievement in sustainability, becoming the first hotel group in Ireland to have its greenhouse gas reduction targets officially approved by the Science Based Targets initiative (SBTi).
Accounts filed with the CRO show continued sound financial performance despite inflationary pressures within the Irish economy.
For the year ended December 2024, Griffin Group Hotels recorded a turnover of €34.96 million, up from €30.48 million in 2023. Despite continued inflationary pressures and rising wage and energy costs across the sector, the group achieved a profit after tax of €2.04 million, up from €1.76 million in 2023.
Griffin Group Hotels is made up of Monart Destination Spa and Ferrycarrig Hotel, both in Wexford as well as Hotel Kilkenny.
Michael Griffin, CEO of Griffin Group Hotels, said: “We are proud to have delivered another year of growth, maintaining profitability despite a challenging cost environment. Our focus remains on reinvesting in our sustainability roadmap, which will see a further investment of over €3 million in 2026.
Monart Destination Spa in Enniscorthy, Co Wexford.
“This roadmap has also witnessed significant further reinvestment in our properties, which have benefited from extensive bedroom refurbishment in Ferrycarrig Hotel and Hotel Kilkenny, as well as significant re-fit and refurbishment of the Active Clubs in both hotels. The combination of solid financial performance, sustainability leadership and product reinvestment reinforces our long-term vision for responsible and resilient growth.”
The company said it has removed 44% of its CO2 emissions in the period from 2016 to 2023. Following this milestone, the Griffin Group Hotels has become the first and only hotel group in Ireland to have its near-term carbon reduction targets validated by the Science Based Targets initiative (SBTi).
Hotel Kilkenny.
Under these approved targets, the Group has committed to further reducing Scope 1 and 2 greenhouse gas emissions by 54.6% by 2033 from a 2023 base year and reducing Scope 3 emissions by 32.5% within the same timeframe.
These targets align with the most ambitious global pathway to limit temperature rise to 1.5°C, placing Griffin Group Hotels at the forefront of climate action in Ireland’s hospitality sector.
Liam Anthony Griffin, Director of Griffin Group, said: “Our approval under the Science Based Targets framework demonstrates tangible targets with real accountability.
The Ferrycarrig Hotel.
“This validation isn’t just a commitment; it is proof of action. We are decarbonising our operations, commencing engagement with suppliers, and transforming our business model to meet global climate standards through sustained and significant investments.”
Michael Griffin, CEO, said: “Our mission is to create exceptional guest experiences while ensuring our operations contribute positively to the environment and society. As we look to the future, sustainability will continue to drive every decision we make — from how we build and source to how we operate and serve.”