Dublin Hotels Had Highest Occupancy In Europe In 2016; Expected To Stay On Top In 2017
Dublin hotels had the highest occupancy in Europe in 2016, higher than London, Amsterdam and Berlin, and are predicted to stay on top in that metric in 2017 and 2018, according to PwC European Cities Hotel Forecast. It revealed that Dublin had the second highest Revenue per Available Room (RevPAR) growth in Europe in 2016 of 16 per cent, and is expected to have the second highest RevPAR growth in 2017.
Speaking about the Dublin market Jennifer Gillen, senior manager of PwC Ireland Hotel and Leisure Practice, said: “A myriad of factors including the continued growth in our economy, improved air access, and increased number of visitors to the city, helped increase the demand for hotels in Dublin.
"2016 marked double-digit growth in RevPAR for the third year in a row, primarily driven by a further increase in room rates. While Brexit may create uncertainties, with limited new supply coming on stream in 2017, further RevPAR growth is expected for Dublin hotels.”
Sales director of the Convention Centre Dublin Paul Carnell commented: “The results this year show continued improvement and demonstrate how vital the hotel industry is to building sustainable business tourism in Dublin. The availability of a competitive and quality network of hotels against key European competitor cities is key to attracting international conferences to Dublin.”