Dublin Hotel Market Outperforming Other Major Cities, Reports JLL
An in-depth analysis of 106 cities worldwide has found that Dublin, alongside cities such as Melbourne and Vancouver, has outperformed in recent years in terms of hotel occupancy, demand and revenue per available room.
The JLL report was undertaken using scale, demand growth, construction, investment and performance, reports businessworld.ie, which has allowed JLL to identify five dynamic groupings of cities with different opportunities and risks with hotel investors and operators.
Dublin, on the back of high levels of demand and low levels of supply, has seen revenue per available room achieve substantial growth, promoting development in the capital with a robust pipeline planned.
"I am delighted to see that Dublin has outperformed in recent years in the Global Hotel Industry and is on par with Melbourne, Seattle and Vancouver," said Daniel O’Connor, Senior Vice President - Hotels at JLL, commenting on the report.
"It is fantastic that Dublin is thriving once again with its global status growing and with 3,000 hotel bedrooms set to be created in Dublin before 2020, this will further enhance its position."