Almost 1,000 hotel rooms were delivered in Dublin last year

Almost 1,000 hotel rooms were delivered in Dublin last year
File photo.

A property firm has reported that more than 1,300 new hotel rooms were delivered in 21 Irish hotels in the country last year.

Cushman & Wakefield also reported that nearly 1,000 of these were built in 13 hotels in Dublin where occupancy levels and average room rates continue to rise, they said.

Of the 21 hotels completed during 2018, six were new builds.

At the end of December, a total of 3,882 hotel rooms were under construction across the country, a 70% rise on 2017 levels, with the majority, 87%, in Dublin.

Isobel Horan, Associate Director, Trading Assets, Cushman & Wakefield, said: “There is still a large volume of national and overseas capital seeking investment in Irish hotels, particularly demand from Irish buyers has grown. However, options were limited in 2018. We do envisage an uplift in transaction levels for 2019.”

Since Brexit, a weaker sterling has been a huge worry for the Irish hotel industry as the exchange rate not only makes Ireland more expensive for UK visitors, but also makes the UK cheaper for visitors from other markets.

More on this topic

All aboard for a fun-filled family trip to France on the ferryAll aboard for a fun-filled family trip to France on the ferry

Kroenke insists Arsenal still have an auraKroenke insists Arsenal still have an aura

Solskjaer defends penalty policySolskjaer defends penalty policy

Taylor: Blame me for French drubbingTaylor: Blame me for French drubbing

More in this Section

Huawei chief confident over future despite US export curbsHuawei chief confident over future despite US export curbs

Bets rise euro to weaken on ECB easy moneyBets rise euro to weaken on ECB easy money

Hotel group’s profits soar 44% to €8mHotel group’s profits soar 44% to €8m

US puts graphic warnings on cigarettes after court battleUS puts graphic warnings on cigarettes after court battle


Lifestyle

From Turkey to Vietnam, here’s where the chef and food writer has fallen in love with on her travellers.Sabrina Ghayour’s top 5 cities for foodies to visit

Dr Dympna Kavanagh, chief dental officer, Department of Health (University College Cork graduate)Working Life: Dr Dympna Kavanagh, chief dental officer, Department of Health

Like most Irish kids of our generation, chillies, spicy food, heat were never really big aspects of our formative eating experiences.Currabinny Cooks: Getting spicy in the kitchen

New Yorker Jessica Bonenfant Coogan has noticed a curious discrepancy between east and west when it comes to Cork county; arts infrastructure has tended to be better resourced in the west of Ireland’s largest county.Making an artistic mark in East Cork

More From The Irish Examiner