Friday February 28, 2020

There is plenty of room for the new hotels set to open in 2020

Despite headwinds in terms of a higher Vat rate and Brexit uncertainty, the Irish hotel real estate market performed solidly in 2019, and more hotel supply is expected to open in 2020

26th January, 2020
The Hampton by Hilton in Dublin is on schedule to open before 2021

In recent months, there has been some negative press around the Irish hotel sector, particularly regarding the number of new hotels opening in Dublin city. However, this new supply is a direct response to growing underlying demand, with Dublin still boasting the highest occupancy of any major European city in 2019.

In fact, based on analysis of 35 major European hotel markets in 2019, Dublin placed an impressive first in occupancy terms. The city achieved 83.9...

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