Email the editor

Dublin rates increase by a fifth in a year

06/07/2016

Pictured: average rates hit £151 in Dublin in May

Average hotel room rates in Dublin have shot up by 20 per cent in a year.

The cost of a room in the Irish capital hit an average of €177 (£151) in May, according to the latest data from HotStats – a fifth more expensive than 12 months earlier.

Average occupancy of around 85 per cent has helped drive up prices as hoteliers have capitalised on demand during 2016, says the May edition of European Hotel Chains Market Review.

Elsewhere, Istanbul’s terror attack-related decline, which has seen business visitor numbers fall by up to 99 per cent according to one destination management company, is reflected in HotStats’ May figures. Occupancy has fallen to 48 per cent for the year to date, with year on year occupancy figures down by 22 per cent on 2015 – these figures relate to a period before the attack on Ataturk Airport, which killed 44 people. As a result, prices are continuing to fall: the average cost of a hotel room in the Turkish city was €129 (£110) in May.

And in Frankfurt, conference and banqueting revenues fell for the month, nudging rates down by a percentage point to €142 (£121).


Facebook Share Twitter Share LinkeIn Share