Business Irish

Wednesday 17 September 2014

Hotel and restaurant prices hike in May amid warnings on increasing costs for tourists

Published 12/06/2014 | 11:58

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High angle view of Dublin with the Dublin spire in the background
High angle view of Dublin with the Dublin spire in the background

CONSUMER prices were broadly flat in May compared with the previous month but there were increases in the restaurant and hotel sectors.

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Restaurant and hotel prices were up over 2pc on an annual basis.

Prices were up 0.4p in general year-on-year, according to figures from the Central Statistics Office.

The figures come as Dublin soared in the world rankings as one of most expensive city break destinations in the world, eroding our competitiveness.

Cinema and theatre prices also increased, according to the CSO.

Drops were recorded in transport, including airfare, prices.

On an annual basis, education costs were up 4.5pc while clothing and footwear prices were down.

Dublin jumped up seven places from last year, the capital now ranks as the 12th most expensive city break destination in the world, according to travel website TripAdvisor.

The study found that a night in Dublin would cost an average of €264 for two people – based on the average prices of dinner for two with wine, two cocktails, a taxi and a night in a minimum of a four-star hotel.

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