Irish hotel occupancy rate rises to 81.6%, up 3.7% from last year

Hotel News

Irish hotels have recorded occupancy rates of 81.6% in April, a rise of 3.7% in April this year compared with April 2016. Dublin hotels, remained unchanged from this time last year, recording occupancy rates of 8%.

The data, published by STR, reports that the average daily rate of a hotel room in Ireland during April 2017 had reached €122.60. This is an increase of 7.7% compared to the previous year. During the same period, Dublin recorded a slightly lower percentage increase of 5.5%, but the average price of rooms came in more expensive at €129.04. Revenue per available room (RevPAR), or room revenue divided by rooms available, was €100.10 in the whole of Ireland in April 2017. That was an increase of 11.7% on the same period a year earlier.

In Dublin that figure was €111.01 for the same period, an increase of 5.4% compared to the same month in 2016. In the 12 months ending April 2017, activity within the hotel industry was slightly more restrained. In the whole of Ireland occupancy rates were 70.3%, the average daily rate of a room was €114.76, but the revenue per room available was considerably lower at €80.67. Those figures were all up on the previous year.

For the same period in Dublin, occupancy rates were slightly higher at 75.5%. The average daily rate for a room was €122.38 while the revenue per room available was €92.41 – an increase of 6.2% on the twelve months to the end of April 2016. Investec research suggested that revenue per room available will grow by 6.5% in Dublin by the end of 2017.