Report forecasts higher hotel rates due to lack of competition

The report predicted Dublin hotel room rates will grow by 10% next year, almost at the same pace as hotels based in some of Europe’s most popular travel destinations including Paris and Amsterdam.

Inflation has also contributed to rate increases as the rising cost of doing business has hit hotel operators in Ireland and abroad.

A lack of competition among hotels in Dublin is predicted to drive room rates higher for business travellers, a new report has suggested.

The Hotel Monitor 2024 by American Express Global Business Travel Consulting showed high occupancy levels in Dublin, particularly in luxury hotels, are fuelling room rate growth.