Dublin hotel rates above boom level
New study attributes growth to capacity shortage and influx of US tourists
Figures from accountancy and business advisory firm Crowe Horwath show that room rates in Dublin hotels have hit a record high, with the average rising 15 per cent last year to €128.
The previous record of €121 was set at the height of the boom in 2006. The national average room rate in 2016 was €104.
Since then, foreign investors have snapped up hundreds of hotels from vulture funds and from banks. Savills Ireland, the property consultants, estimate...
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