Monday 26 September 2016

Ireland's most expensive hotel destinations revealed as rates jump 15pc in a year

Hotel Price Index

Published 02/03/2016 | 10:08

Hotel bell: Irish hotel prices are rising, according to the latest Hotels.com Hotel Price Index.
Hotel bell: Irish hotel prices are rising, according to the latest Hotels.com Hotel Price Index.
Hotel Price Index 2015. Source: Hotels.com

Irish hotel room prices rose 15pc in 2015 to an average of €118 per night, according to data from Hotels.com.

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Dublin has the country's most expensive hotel rooms, according to the website's annual Hotel Price Index, jumping 20pc to €129 on average.

Waterford was Ireland's most affordable destination in 2015, the survey found, with an average room rate of €84 per night.

Other results saw prices in Belfast jump 23pc to an average of €123, while average rates rose 11pc to €103 in Cork and 8pc to €119 in Killarney.

This is the fifth year in a row that the Index has recorded an increase in Irish hotel prices, though global pricing remains flat with a rise of just 1pc.

Hotel Price Index 2015.jpg
Hotel Price Index 2015. Source: Hotels.com

Ireland recorded a record 8.6 million visitors in 2015, according to CSO figures, with increasing consumer confidence and the success of events-based tourism also contributing to the rise in prices, Hotels.com said.

Irish occupancy rates reached a 10-year high of 70pc in 2015, according to the Irish Hotels Federation (IHF), with business on the rise again in 2016.

The IHF disputes the Hotel Price Index results, however, pointing out that its figures are based on bednights booked on Hotels.com, and not through tours, conferences or directly reserved with hotels themselves by phone or online.

Price rises are more in line with CSO Statistics, it says, which indicate a 6.2pc increase in prices for accommodation services over the last 12 months.

However, a separate survey by trivago.ie also showed hotel prices in Dublin rose 15pc year-on-year this February to an average of €124 per night.

Fáilte Ireland has also identified "an acute shortage" of hotel bedroom stock in Dublin as a key threat to future tourism in the capital, a situation it says is causing rates to "increase markedly" year on year.

An additional 5,000 units are required to offset the trend, it says.

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