Published on Wednesday27thAugust2014
Minister Ring Launches 19th annual Crowe Horwath Ireland Hotel Industry Survey
Pictured are Minister Michael Ring, Aiden Murphy, partner and recovery and restructuring specialist at Crowe Horwath and Anne Walsh, director at Crowe Horwath.
Minister of State Michael Ring today launched the 19th annual Crowe Horwath Ireland Hotel Industry Survey.
The report, which is drawn from the financial year ending 2013, reveals that all key performance metrics have improved on 2012 figures. Overall, the average price of hotel rooms increased by 3.7% in 2013, but a two-speed recovery is evident with Dublin continuing to outpace the regional hotels. Average room occupancy in Dublin is now at 76.3%, marginally below previous peak levels of 76.8%, while the average rate charged for a room in Dublin is now €90.73. Although this is some way off the peak rate in Dublin of €116.59 in 2007, it is still 40% higher than the average room rate of €64.51 achieved by hotels in the Western Seaboard region.