Figures show Dublin hotels 'weathering the economic storm'

A report has revealed that Dublin hotel figures performance in the city was considerably stronger in 2011, compared with 2010.

A report has revealed that Dublin hotel figures performance in the city was considerably stronger in 2011, compared with 2010.

Deloitte, a business advisory firm, has released the report from STR Global for 2011.

The figures show that hotel Occupancy rates increased by almost 6%, average daily rates (ADR) are up 6%, and revenue per available room (RevPar) has risen by nearly 12%.

The ADR being charged by Dublin hotels in 2011 was €82.12. In 2010, this figure was €77.43.

In 2010, the RevPar figure stood at €52.04. The corresponding figure in 2011 was €58.30.

The average occupancy rate for 2011 was 71%, compared to 67.2% for the prior year.

Kevin Sheehan, Partner in charge of Tourism, Hospitality and Leisure Services at Deloitte, said: "Compared to this time last year, hoteliers in Dublin will feel more confident that they have weathered much of the storm that the economic crisis has brought.

"Despite a small decline in activity in the final quarter of the year relative to 2010, the increase in daily rates more than compensates for the reduction in occupancy levels.

"Throughout Europe, the ADR in 2011 was €99.86. While Dublin’s ADR was lower than this, it does seem to be rising faster than its European counterparts, reflecting a correction from a lower base over the past two years. The European figure reflects a rise of 2.6% while the rise in Dublin was more than double this."

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