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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© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.