Year-to-date occupancy for Dublin hotels at end of September only 34%
JLL remains confident that the capital’s popularity as a tourist destination means the long-term outlook for Irish hotels is still bright
Before the pandemic, JLL forecast that slightly more than 5,000 new hotel bedrooms would open in the capital by the end of 2022.
Since then, the closure of construction sites has resulted in some delays to target opening dates. Furthermore, the economic shock being felt by the hotel sector globally has resulted in some schemes being abandoned and some being sent back to the drawing board for further consideration.
Between March and October this year, our forecast...
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Tallaght is in the middle of a lively period for development
One practice alone is involved in six projects encompassing leisure, retail and 3,000 residential units