PROFITS at Irish hotels fell 25% to hit a 15-year low in 2008, and could fall by as much 70% this year, threatening the survival of many establishments, according to accountants Horwath Bastow Charleton (HBC).

Dublin hotels have reached an all time occupancy high, despite a sharp rise in operational costs within the hospitality industry in Ireland.

Greater investment in regional airports is needed to boost tourism in the west of the country, according to the company behind an annual survey of hotels across the country.