Business Irish

Sunday 27 May 2018

Room prices up 15pc as Dublin hotels top occupancy rates in Europe

The former Burlington Hotel in Dublin
The former Burlington Hotel in Dublin

Sean Duffy

Prices for hotel rooms in Dublin rose by 15pc last year.

The capital now has the highest occupancy rates of any European city, according to a new report from financial experts PwC.

The report shows that occupancy rates in Dublin stood at 82.5pc last year. That’s  ahead of London (81.3pc), Amsterdam (78pc) and Berlin (77pc).

However, Dublin was fifth when it came to the average price of rooms which came in a €105 per night.

The report said that the supply of hotel in Dublin overt the past decade has remained “relatively static”.

In total, the report said there were 18,500 rooms in the capital, which equates to one third of the total amount throughout Ireland.

However, it said that there were plans for 65 new hotels in the pipeline, which should add around 5,500 new rooms.

There were 66 hotels sold in Dublin last year for a total value of €800m. Perhaps significantly, the report says that Brexit could result in a reduction in the number of tourists visiting from Europe this year.

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