Signs of upturn in Dublin hotel market

Signs of upturn in Dublin hotel market

The latest hotel figures for the Dublin market compiled by consultants STR Global and Deloitte show that occupancy rates have improved by 8% to 73% and revenues per room are up 15% over the first nine months of the year.

The average daily rate being charged by Dublin hotels in the first nine months of the year was €82.41, up from €77.51 in the same period in 2010.

Revenue per available room was €60.16, up from €52.47 in the first nine months of 2010.

“The results of these latest figures show that the summer season in 2011 has been considerably stronger than in 2010,” said Deloitte’s Kevin Sheehan. “The picture that is emerging for Dublin hotels in 2011 is one of steady recovery, albeit the margins being achieved are still relatively small,” he added.

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