Dublin Hotels Performing Strongly
Published on Aug 2 2013 4:05 PM in Hotel
A recent report has shown hotels in Dublin are performing very well, with hotel sales nationally at 76 per cent, the highest figure since 2007. Crowe Horwath's Annual Irish Hotel Survey shows that average occupancy at 63.8% continues to rise, up 2.4 per cent on 2011 levels, with room rates and food sales also significantly increasing.
The survey’s results show a two-paced recovery, with Dublin outpacing the regional market. However, while some urban centres such as Cork City and Galway City have fared well, the pace of recovery in other rural areas is restrained. In the last two years, Dublin has experienced three times the level of RePAR (revenue per available room) growth as the other regions in Ireland.
Percentage increases in average room rates in the capital were twice that experience by hotels in the South West region (Cork, Limerick and Kerry). Hotels in the Western Seaboard area (Clare, Donegal, Galway, Leitrim, Mayo, Roscommon and Sligo) continue to have the lowest average room rates in the country.