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RevPar And Occupancy Rates Soar At Irish Hotels

By Dave Simpson

New figures released by travel research firm STR reveal that revenue per available room (RevPar) across Ireland's hotels rose by 16.1% during the year ending in May of 2018, with average daily room rates rising 12.7% to €144.55.

As reported by The Irish Times, STR's data indicates that during the period RevPar in Dublin underwent a rise of 13.6%, growing to €146.96, while RevPar outside of the capital increased 18.3% to €92.70.

Meanwhile, the average daily room rate in Ireland as a whole rose 12.7% to €144.55, with the average daily room rate being €162.36 in Dublin during the period and €115.62 in the rest of the country.

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STR also revealed that the hotel occupancy rate for Dublin in May was 90.5%, up 1.2% on the year, with the occupancy rate being up 5.3% outside of Dublin at 80.2%.

© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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