Dublin Hotel Room Prices Surge 26%
Hotel prices in Dublin have lifted to an average of €167 this month, up 26 per cent from June 2014, according new data,
The trivago Hotel Price Index (tHPI), which is released monthly, showed that prices have also increased in Cork ahead of the Live at the Marquee festival.
The surge in Dublin prices is well above the average seven per cent increase across Europe year-on-year, representing the sixth highest increase of Europe’s 50 most popular destinations.
The average hotel price in Cork has increased by eight per cent when compared to last month, rising to €129 from €119.
Hotel prices in the rest of Ireland have increased slightly this month ahead of the summer season. The average hotel room will cost €120 in June, a three per cent rise in comparison to May 2015. The largest month-on-month increases (May to June) are to be found in Cork, Killarney (up seven per cent to €148) and Dublin (up six per cent to €167).
This rise is above average in comparison to Europe, according to trivago. Based on the 50 most popular European cities on trivago, who added that hotel prices have increased by one per cent on average compared to last month. One night in June will cost an average of €138, compared to €137 in May.
Elsewhere in Europe, Porto has confirmed its status as an emerging destination, with prices increasing 81 per cent from €70 in June 2014 to €127 this month.
David Lintott, Public Relations UK & Ireland, commented, “It’s hardly surprising to see prices in Dublin have risen so sharply compared to last year. This is in line with a general trend of rising prices across Europe, possibly due to the fall in valuation of the Euro, and the recent international football fixtures the capital hosted against England and Scotland.
"It is interesting to note that monthly average hotel prices have remained relatively stable in Ireland and across Europe in June, and there is value to be found for travellers planning an early summer getaway ahead of the peak season. Holidaymakers to Prague, for example, could save up to €32 a night this month in comparison to May."
Last week, new CSO figures showed that in the first quarter of 2015 overseas visitors spent an estimated €590 million in Ireland, representing an increase of 10.5 per cent on the corresponding period of 2014.