Hotel articles

Dublin Rates Rise to Continue

Hotel room rates in Dublin will return to their 2007 peak of €109 a night next year on the back of growing demand and a lack of new supply, PwC claims in a new report

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.a report published today predicts.
PwC’s yearly European Hotel Forecast shows that, in 2014, guests paid an average of €95 for a room. This year they can expect to be charged €102. If the rate climbs to €109 next year, costs will have risen by almost 15 per cent between 2014 and 2016.
The average revenue hotels earn from each room is also on the rise. Last year, it was €75, this year the consultants expect it to be €81 and it is set to rise to €88 in 2016. The figure was just €57 in 2011. Dublin will have the highest revenue growth rates in Europe in 2015 and 2016, say PwC..
 
 

Prince Turns K Club Sod

 

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 The Prince of Monaco was in Dublin at the weekend to turn the sod on a new €20m extension of the K Club resort in Straffan, Co Kildare.
The Michael Smurfit-owned hotel and golf courses is undergoing a major refurbishment that will see 70 deluxe bedrooms being built to the west side of the hotel.
 
A new 'Media Puzzle Bar' is also due to open in May while a new conference centre is also being developed in the east wing of the  resort. 
 

Regional Imbalance Worries Hoteliers

One third of hoteliers will not make a profit in 2015, according to members of the Irish Hotels Federation, who claim overhanging debt, commercial rates and lack of incen

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tives to entice tourists beyond traditional “hotspots” are still threatening profitability.
The hoteliers are attending their annual confereence in the Slieve Russell Hotel this week and to-day's speakers include Professor Alan Ahearne, Economist, Sarah Duignan, Director of Account Management, STR Global,  Aiden Murphy, Partner, Crowe
Horwath, David Zammitt, Industry Manager, Google UK Travel Team, Alan O’Neill, Change Consultant, Kara Change Management, Warren MacDonald, Inspirational Keynote Speaker, Brian Cody, Kilkenny Senior Hurling Team Manager and Minisyer Michael Ring.
 
Speaking at the opening of the conference at the Slieve Russell Hotel  a number of hoteliers said they had deals with suppliers and staff to cut costs following the economic collapse in 2008.
While occupancy rates in Dublin rose by 3 per cent in 2014, and are set to grow by at least that much again this year, hoteliers in other areas said they had not done so well and were now facing calls for “pay back” from staff and suppliers.
A number of speakers at the conference said the recovery was fragile and the reduced 9 per cent VAT rate continued to be vital to the industry.
Hotels Federation chief executive Tim Fenn said regional tourism required greater Government support as the slower pace of recovery in some areas is a “major challenge for many hotels and guesthouses”.
 Stephen McNally, President of the IHF (pictured with ceo Tim Fenn) said that the funding allocation for the State's tourism bodies has been cut back substantially since the downturn and now needs to be reinstated. He adds that, with additional funding, the Government target of 10 million visitors generating an additional 50,000 new jobs could be achieved by 2020 as opposed to the current target of 2025. 
 
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New Brand from Dalata

 Dalata hotel group will launch a new hotel brand in the coming monthsd, aimed at the corporate sector.

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The group, which already employs more than 3,000 people, will also create several hundred new jobs.
 Having acquired the Moran Bewley’s Group for €455m in December, Dalata now has 27 owned or leased hotels 13 of which are to be packaged under a new  brand.
 “We’ve been working on the new brand now for a number of months. The Maldron would be by and large a leisure brand whereas the new brand will be much more corporate,” said Dalata chief executive Pat McCann.
 
 
 
 
 

Small Loss at Rochestown Park

The company that operates the four-star Rochestown Park Hotel in Cork increased its earnings in 2013 by 4% to €1.37m.
Figures lodged with the Companies Office by Windsor Surprise Ltd show that the business increased its earnings after revenues went up 6% from €9m to €9.52m.
The figures show that the firm recorded a modest pre-tax loss of €87,779 following a pre-tax loss of €6.4m in 2012. However, the 2012 loss chiefly arose from a €6.18m writedown in assets.
 

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