As if there was need for anymore proof to show that there is super value in Dublin, the latest Savills and City Occupancy Hotel Index shows that hotel room rates fell 6.3% in 2010.
The report results are based on daily statistics supplied during the year by over 100 hotels, primarily in the urban centres of Dublin, Cork, Limerick and Galway.
These hotels account for over 14,000 bedrooms, which is around 25% of hotel bedrooms in the Republic of Ireland.
Dublin’s revenue per available room was down 7% year on year which lagged behind the national average. Savills believes this is due to the “hugely competitive” hotel pricing in the capital. Tell us about it!!!
Limerick occupancy increased 2% – the first increase in five years. The city remains last on the list with 53% occupancy however, while Cork is in the lead with 69%.
Five-star hotels were hit the hardest with revenue per available room down 8% in 2010.
Check out www.grandcanalhotel.com for best rates in Dublin City.