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March 3, 2015
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Ireland: Dublin's Hotel Business to Boom in 2015




The sun is set to shine on Dublin until 2016 as it becomes Europe's brightest destination.

A forecast for the hotel industry by PwC predicts that the Irish capital will record the highest growth in revenue per available room (RevPAR) of 8.8 per cent this year, followed by Madrid with 5.6 per cent and London at 4.6 per cent.

In 2016, Dublin's 152 hotels will top the growth story yet again, with an 8 per cent rise expected, followed by Madrid, London, Rome, Milan and Barcelona

This year, London, Edinburgh and Paris are predicted to see the continent's highest occupancy levels (of at least 80 per cent), with Dublin and Amsterdam not far behind, and Belfast and Berlin following. "Higher occupancies reflect a structural shift towards more branded budget hotels in some countries as well as access to online distribution channels combined with greater propensity to travel," reads the report.

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