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Hotel deals pay off

OCCUPANCY in Irish hotels have risen by 2.9pc in the past year, aided by a reduction in the cost of rooms.

Average room rates (ARR) fell by 6.3pc, according to findings contained in the Savills and CityOccupancy, which has just launched a new Hotel Index.

Cork recorded the biggest turnaround in occupancy levels -- rising 3pc on 2009 figures. In revenue terms, the big winner was Cork, with figures up 3pc on 2009.

The southern county recorded 11 straight months of occupancy growth in 2010, influenced by the closure of a leading hotel that was flood damaged in late 2009.

However, Dublin revenues fell 7pc within the year, due to "hyper-competitive" hotel pricing in the capital, the report said.