Commercial Property

Dublin hotel occupancy expected to hit 80% in 2024

Strong demand predicted to continue as number of properties changing hands tipped to hit valuation of €500 million this year

Billionaire John Malone bought the four star, 98-bedroom Brooks Hotel on Drury Street. The sale was the largest deal so far this year

Since the end of the pandemic, demand for hotel accommodation in Dublin is in the pink and is likely to remain robust amid a strong forecast in visitor numbers alongside a simultaneous slide in future hotel room supply.

Recent development activity for new hotels in Dublin’s north city centre has failed to temper the strong demand for hotel rooms.

According to CBRE, hotel occupancy levels in Dublin averaged 82.5 per cent in Dublin in the ...