Dublin hotel market sees recovery

Dublin hotel market sees recovery

A study by STR Global and specialist property adviser Christie + Co has found that the Dublin hotel market experienced a 10,7% increase in RevPAR for the first eight months of 2012 compared to the same period in 2011.

Maureen Doyle, Christie + Co’s Associate Director in Ireland says: "With a multinational corporate presence, ongoing inward investment and a vibrant tourist economy, demand for hotel accommodation in Dublin remains strong. The city generally experiences strong weekend leisure demand, particularly during the hosting of festivals, concerts and sporting events, whilst mid-week demand is generally related to corporate and group traveler markets and event related business. Seasonally, Dublin’s demand peaks from May to September, when occupancy above 80% can be achieved."

 

Source: http://www.property-magazine.eu/dublin-hotel-market-sees-recovery-22534.html