Ireland Hotel Industry Survey 2015: 20th Edition – Press release
By Naoise Cosgrove on August 18, 2015
Dublin, Wednesday 12th August 2015. Crowe Horwath, leading advisors to the Irish hotel sector, launched its 20th Annual Irish Hotel Survey today which shows a continued improvement in the fortunes of the Irish hotel sector. The report, which is compiled from Irish hotels’ 2014 accounts, reveals that key performance metrics have improved for the third year running with Dublin again outperforming other regions. The headline national average room occupancy level for 2014 was 67.8%, up from 65.9% on the previous year with average room rate charged across all hotels in Ireland at €82.29, up from €77.49 in 2013.
Dublin hotels continue to lead the recovery in the sector with the capital’s hotels showing occupancy levels at 77.2% up from 76.3% in the previous year. The average rate charged for a room in Dublin is now €97.25, up from €90.73 on the previous year, representing a 7.2% increase year-on-year. While room rates in the capital are some way off 2006 peak prices of €120.38, the average nightly cost per room is still significantly ahead of other regions (€79.36 in Midlands & East; €79.43 in South West; and €67.50 in Western Seaboard).
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