Increased interest from international investors in hotel sector

Dublin is now the the eighth most attractive European city for hotel investment.

The total stock of Irish hotel rooms reached 66,200 as of December

International investors have increased their interest in the Irish hotel sector with Dublin now the the eighth most attractive European city for hotel investment.

A new survey from Deloitte shows hotel room rates increased in the first ten months of 2023, with an average daily rate of €210 in Dublin City Centre, followed by €165 in the surrounding Dublin area and €160 in the rest of Ireland. However, the price increases are not deterring customers with hotel occupancy levels expected to be retained this year. The greatest increase in occupancy levels on a year-to-date basis was recorded in 5-star luxury hotels in Dublin.