Business Irish

Friday 29 August 2014

Dublin hotels achieving fastest growth in Europe

Peter Flanagan

Published 10/03/2014 | 02:30

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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.

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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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