Monday 22 December 2014

Dublin hotels achieving fastest growth in Europe

Published 10/03/2014 | 02:30

Paul Tuite and Jennifer Gillen of PwC Ireland with Minister of State Michael Ring. Photo: Maxwell

According to a report from consultants PwC, revenue per available room in Dublin – a key measure of the profitability of the sector, rose 11pc in 2013.

That was the biggest increase in Europe, topping the likes of Zurich and Edinburgh.

Occupancy levels in the capital have also surged to back above pre-recession levels, jumping from 67pc in 2008 to 79pc this year. That is expected to increase to 80pc by next year.

Launching the survey, junior tourism minister Michael Ring said: "The survey is a useful insight into the hotel markets in Europe and Dublin, and shows that our capital city is a very attractive location for hotels."

Irish Independent

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