Hotel

Irish Hotels Score 10th Consecutive Quarter of Double-Digit RevPAR Growth

By Publications Checkout
Irish Hotels Score 10th Consecutive Quarter of Double-Digit RevPAR Growth

Ireland's hotels recorded its 10th consecutive quarter of double-digit RevPAR growth, according to the latest data from STR.

Occupancy increased 0.6% to 89.6%, and ADR grew 13.9% to €133.04, resulting in a 14.5% lift in RevPAR to €119.22.

STR found that that September was a particularly strong month for Ireland's hotels, as there were only two days without double-digit growth in RevPAR, reports hospitalitynet.org.

Rate growth has been the driving factor for Ireland's continued upward trajectory, as ADR is up 15.4% year to date. Occupancy is up 1.7% during the same nine-month time period.

Meanwhile, hotels across Europe recorded positive Q3 2016 results when reported in euro constant currency, said STR.

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Compared with the three key performance metrics from Q3 2015, Europe reported a 0.5% decrease in occupancy to 77.7%. However, a 2.0% increase in average daily rate (ADR) to €119.17 resulted in revenue per available (RevPAR) growth of 1.5% to €92.58.

Europe's results were positive when compared with September 2015. The region reported a 0.8% increase in occupancy to 81.0%, a 2.6% rise in ADR to €123.23 and 3.4% lift in RevPAR to €99.77.