Get the app today! Download iPhone App Download Android App

SUBSCRIBE

24 New Hotels Comprising 4,500 Rooms To Open In Dublin By End Of 2023, According To Estate Agency Savills

Published on Jul 26 2021 1:00 PM in Hotel tagged: Trending Posts / Dublin / hotels / Savills / STR / Savills Ireland

24 New Hotels Comprising 4,500 Rooms To Open In Dublin By End Of 2023, According To Estate Agency Savills

24 new hotels comprising 4,500 rooms will open in Dublin by the end of 2023, according to estate agency Savills.

Details

In a statement published on savills.ie, the estate agency said, "24 new hotels, comprising 4,500 rooms, will be delivered in Dublin by the end of 2023, according to property advisor, Savills Ireland.

"2,100 rooms will complete by the end of this year, with 1,600 expected in 2022 and 800 in 2023 - a 50% increase on the 3,000 rooms delivered between 2018 and 2020."

Savills Ireland Director Of Hotels And Leisure Statement

In a statement also published on savills.ie, Director of Hotels and Leisure at Savills Ireland Tom Barrett said, "Despite an increase in the number of hotels in Dublin since 2018, the market - pre-COVID - remained significantly under supplied, resulting in high room occupancy and low availability. This was damaging the city's reputation - and its ability to compete with other European destinations. However, with local and inbound tourism expected to return to pre-pandemic levels in the next 2-3 years, Dublin’s increased supply of hotel rooms will provide value and choice, which will be good for Irish tourism."

New Openings This Summer

Savills continued on its website, "New hotel openings in Dublin this summer include the Hampton by Hilton Four Courts, Beckett Locke in the North Docklands next to the 3Arena, The Wren - located in the centre of Dublin between Grafton Street and Dame Street - and Keavan’s Port Hotel on Camden St. The four-star Holiday Inn Dublin Airport and the Zanzibar Locke were the only two new hotels to open in Dublin since COVID-19 hit Ireland 17 months ago."

2021 Hotel Occupancy Data

Savills added, "According to Savills, Dublin hotel occupancy for the first six months of 2021 was 20%, with full-year occupancy expected to grow closer to 30% - down from 82% in 2019."

Barrett added, "Locally, people think that Dublin is much quieter than other European cities, but apart from some UK cities, Dublin’s performance is much in line with other European capitals."

Savills also published the following hotel occupancy data on its website, which it said it sourced from hotel industry market data firm STR:

Ireland Hotel Occupancy – Year-to-Date (June)

City Occupancy
Cork 28%
Belfast 28%
Dublin 20%

Dublin vs European Hotel Occupancy - Year-to-Date (June)

City Occupancy
Barcelona 26%
Copenhagen 21%
Dublin 20%
Amsterdam 14%
Lisbon 13%
Prague 10%

Dublin vs UK Hotel Occupancy

City Occupancy
Liverpool 34%
Edinburgh 31%
Manchester 30%
Birmingham 30%
London 29%
Dublin 20%

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email