Tourism sector remains positive with strong performance in hotel market

The Irish hotel market has witnessed a very strong closing quarter for 2017, with a total of €171.2 million worth of hotels sold in three months to December, exceeding the first three quarters combined.

According to research from Cushman & Wakefield, the impressive turnaround in the final quarter was boosted by three large hotel deals, which brought the total hotel investment turnover for 2017 to almost €260 million.