Dublin's Hotel Room Stock To Rise By 3,000 By 2020
The number of hotel rooms in Dublin is expected to increase by 3,000 by 2020, with the Irish construction industry asserting that the rise will support demand from tourists.
As reported by The Irish Times, Construction Information Services (CIS), which monitors projects in development, has stated that Dublin's hotel room stock will undergo a 15% increase over the next three years as new hotels open in the docklands, near the airport and in various other parts of the city.
A €65 million, eight-storey budget hotel being built by Tetrach on a site bounded by Moss Street, Gloucester Street South and Townsend Street will provide Dublin with 393 new bedrooms alone, while a proposed €18 million redevelopment of River House on Chancery Street will encompass 249 bedrooms and Grand Canal Square's Marker Hotel is set to receive a €6 million extension that will add 30 bedrooms.
On top of the above, plans have been approved for a €40 million change-of-use scheme that will create 94 bedrooms at Loreto Hall and Gannon Homes is planning to construct a €28 million, 209-bedroom hotel in Dublin 13. There are also plenty of new developments afoot around Dublin Airport, with a new €38 million, 427-bedroom hotel being built adjacent to the airport and 141 bedrooms being added to the Clayton Hotel as part of a €14 million extension.
The Irish Hotels Federation reported earlier in July that seven out of ten hoteliers assert that business is booming compared to the same period last year, with the outlook for the rest of 2017 also being positive.