Hotel price data hints at recovery

HOTEL prices in Dublin edged higher in the first half of this year but prices are still a long way from the heights they reached during boom times.

Hotels have been told there is no room for complacency and that they need to be more consumer-focussed than ever before they start to think about not just stabilising but also growing returns to the sector.

Deloitte, the leading business advisory firm, has released the Dublin hotel figures from STR Global for the first half of 2011, which show that, compared to the same period last year, occupancy rates, average daily rates and revenue per available room (RevPAR) have all improved.