Friday 23 March 2018

Occupancy rates up 10pc in Dublin for the first half


Jenny Darmody

HOTEL operators in Dublin were boosted by a near 10pc rise in visitor numbers in the first six months of the year, according to research published yesterday.

The data from research company STR Global showed a 9.9pc increase in Dublin hotel occupancy rates in the first six months of the year compared with the same period in 2010.

Deloitte, which released the figures, said the average price charged per room was also up by 5.4pc.

It translates into a 16pc increase in revenue per room available -- the key measure of profitability for owners.

Commenting on the report, Tim Fenn, chief executive of the Irish Hotels Federation, said "The figures are very encouraging."

But he warned it comes after particularly bad figures for each of the previous three years.

Data for regions outside the capital was not available, but Mr Fenn said the increase has yet to be felt in most regions outside Dublin.

"It's a much more difficult nut to crack," he says. "Dublin has been performing well this year. It has been the first to recover."

However, Mr Fenn also believes it was not simply the state visits that boosted tourism and he is optimistic that the figures will continue to improve.

"We're looking at a world that is in a state of flux but we've had a particularly bad three years so we're hoping that we've seen the worst of it."

Kevin Sheehan, of Deloitte, believed the state visits of the queen and US President Barack Obama gave occupancy rates in Dublin the massive jump.

"Statistics don't break it down but that's when the number of rooms available was at its lowest so it looks like they did increase tourist numbers," he said.

Irish Independent

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