Prices at five-star hotels down 60% since boom

FIVE-star hotel prices are 60% cheaper than they were at the height of the boom.

This is according to the managing director of the Dromoland Collection, hotelier Mark Nolan, who said there are “astonishing rates” in the market.

The Irish Hotel Federation (IHF) backed up his claim, saying that the price at five-star hotels had fallen considerably over the last three years.

“Overall, prices have fallen substantially by as much as 30% across the entire hotel sector over that time — meaning Ireland is the cheapest for hotel rooms in western Europe,” said an IHF spokesman.

Mr Nolan, who runs Dromoland Castle and the Castlemartyr Resort in east Cork said: “In the boom days of the Celtic Tiger a couple looking to take a two- night weekend break in one of our luxury five-star hotels would expect to pay at least €1,000.

“Now, the same hotels are offering the same deluxe accommodation and service but at a much reduced cost and as for as little as €400 or €98.50 per person sharing, which represents a saving of around 60%.”

Junior Tourism Minister Michael Ring recently issued an appeal for Irish people to consider a holiday at home. Mr Nolan said that both Dromoland and Castlemartyr hotels have seen a “significant uplift” in Irish bookings.

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