Saturday December 7, 2019

Hotel sector has room to improve in 2020

This was a tough year for the hotel sector with a decline in transaction volumes, but with ten million visitors expected next year and the highest occupancy rate in Europe, it's all to play for

24th November, 2019
5
Powerscourt Hotel in Enniskerry, Wicklow: sold for €50 million to John Malone‘s MHL Collection

By Dan O’Connor

There are no two ways about it, 2019 was a tough year for the Irish hotel sector. But to paraphrase the late Amercian golf legend Bobby Jones: you never learn anything from a match that you win.

We forecast Irish hotel transaction volumes for 2019 will reach €600 million by year end. While ahead of the long-term average, this represents an approximate 20 per cent decrease on 2018 volumes of €750...

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