New data released by STR indicates that hotel rooms rates in Dublin are continuing to increase, with revenue per available room rising 9.2% in September and average room rates jumping 10.1%
The Irish Independent reports that STR’s statistics reveal that revenue per available room has risen 7.5% in the capital during 2017 to date, while occupancy is up 0.3 percentage points since the start of the year.
Meanwhile, revenue per available room in the rest of Ireland rose 12.1% in August, with occupancy rates increasing 3.8 percentage points and the average room rates of regional hotels jumping 7.1%.
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Commenting on the rise in room rates, Minister for Finance Paschal Donohue said in his Budget speech earlier this month, “While I note that prices in Dublin continue to rise, I have said before that VAT policy cannot be decided on the basis of one location only but in the context of the national interest. Accordingly, I have decided not to change the VAT rate on the tourism and services sector in Budget 2018.”