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
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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