Hotel Room Rates Rose 8.1% Outside Of Dublin In July
New figures from hotel market data company STR have revealed that the average cost of a hotel room outside of Dublin rose by over 8% in July compared to the same month last year.
According to The Irish Times, STR’s data indicates that hotel room occupancy outside of the capital decreased 1.8% to 85.2% in July while the average daily room rate rose 8.1% to €130.87. Meanwhile, revenue per available room (RevPAR) increased 6.2% to €111.45.
Dublin And The Republic As A Whole
Occupancy in Dublin was down during the month, decreasing 0.6% to 90.1% while the average daily room rate rose 5.3% to €158.45 and RevPAR increased 4.7% to €142.76.
The occupancy figure for the Republic of Ireland as a whole dropped 1% to 88.1% while the average daily room rate rose 6.7% to €147.54 and RevPAR rose 5.6% to €129.96.
© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.