Irish Hotels Report Positive RevPAR For January

By Dave Simpson
Irish Hotels Report Positive RevPAR For January

Hotels across Ireland have reported positive revenue per available room (RevPAR) for January, according to analysts employed by Davy Stockbrokers.

RevPAR rose 0.9% in Dublin during the first month of the year, with the capital's occupancy being down 0.8 percentage points and its average daily rate being up 2.1%, while RevPAR in regional Ireland grew 4.9%, with occupancy being up by 0.5 percentage points and the average daily rate rising 3.9%.

VAT Rate Rise

The positive RevPAR results come despite a 4.5% increase in the hospitality industry's VAT rate, which rose from 9% to 13.5% on January 1.

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