Irish hotels 'will struggle with revenues for some time'

Irish hotels tapped the staycation boom during the last two summers but the trend may be shortlined, according to a report.
Many Irish hotels will struggle with occupancy rates and profitability and will require the wage-subsidy scheme to make ends meet for some time, according to a major survey.
Hotel revenues will still be down 30% next year and businesses in Dublin, in particular, which rely on overseas tourists, face occupancy rates of only 70%, the annual survey of the industry by accountants Crowe and property firm Cushman & Wakefield showed.