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Dublin hotels need more business

Dublin hotels will need a 15% rise in business over the next five years if they are to maintain current levels of occupancy and profit, a report says.
 The report, commissioned by accountants Crowe Horwath and property services group Cushman & Wakefield says that Dublin will get approximately 4,000 new hotel rooms over the next half decade and demand for accommodation in the capital will need to rise by 15% in if current profit and occupancy levels are to be maintained.
 The report says that 5.6 million hotel rooms were sold in the city in 2016, with an occupancy rate of 82%. However, a further 845,000 rooms would need to be sold annually over the next five years if current occupancy and profitability levels are to be maintained. 
 
 

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