The impact of Covid and the subsequent closure of many hotels over the past 15 months has resulted in historically low hotel occupancy levels for 2020. According to hotel data tracker STR, hotels in Dublin achieved an average room occupancy of 31pc in 2020. And it could take until 2025 for average room occupancy in Dublin to reach 85pc. There will have to be careful monitoring of operating costs and the adoption of sensible yield management strategies to maximise average room yield. While this analysis presents a somewhat cautious outlook, it is important to remember that the fundamentals of the Irish hotel sector remain sound.

Source: Irish Independent May 30, 2021 01:30 UTC