Hoteliers grow more pessimistic amid rising costs and falling occupancy

New IHF survey shows that almost every region in the country experienced a drop of 1% to 3% in occupancy rates during 2024 compared to 2023

Irish Hotels Federation (IHF) president Michael Magner and IHF Chief Executive Paul Gallagher ahead of their annual conference in Killarney. 

Business sentiment among hoteliers has dropped again with just over a third reporting a positive trading outlook for the year ahead amid a slip in occupancy rates and high operating costs, the Irish Hotels Federation has said.

A survey conducted by the Irish Hotels Federation (IHF) earlier this month on 195 hotels and guesthouses showed that almost every region in the country experienced a slight drop of between 1% and 3% in occupancy rates during 2024 compared to 2023. The only regions that did not experience a drop — Dublin and the midlands/mid-east region reported — no change.