Dalata Hotel Group PLC (LSE:DAL) shares fell by 7% in opening Wednesday exchanges before seeing a swift recovery as the morning dragged on.
The share price swing followed an interim trading update in which revenue added 6% year on year in the first half.
However, tighter margins meant profit after tax declined 15% to €35.8 million (£30.2 million).
Dalata operates the Maldron Hotels and Clayton Hotels chains across the UK, Ireland and Germany.
Management stated: “Demand from corporate and international visitors remains strong but we are seeing a softening from more cost conscious domestic customers relative to last year.
“We continue to see periods of good leisure demand around events. As we look ahead to the balance of the year, we expect these recent trends to continue.”
Shares were swapping for 392p at the time of writing, representing a 9% swing higher from intraday lows.