Hotel transactions plummet amid drop in Dublin activity

Irish total hotel transactions fell to 30 per cent below the historical average amid a perilous period for the Irish investment property market

As transactions fell, occupancy rates continued to recover from Covid-19 restrictions, while the average daily rate of a hotel room was €180 - 27 per cent above 2019 prices.

Hotel occupancy rates and room prices rebounded to out-strip pre-pandemic levels in 2023, while transactions in the sector plummeted following fewer Dublin sales and no ...