Aiden Murphy
ACA
Partner, Dublin, Ireland
Aiden is a qualified chartered accountant and has extensive experience working as a corporate services and recovery consultant since 1996 and has worked extensively on analysing and restructuring property transactions working with a range of Irish financial institutions.
Bio
Aiden Murphy, Partner at Crowe Ireland, is a qualified chartered accountant with extensive experience as a corporate services and recovery consultant since 1996. He specialises in restructuring property transactions, insolvency cases, and tax-based transactions, working closely with Irish financial institutions to develop and implement effective solutions for complex challenges.
Aiden has undertaken numerous workout plans, providing detailed recommendations to financial institutions for both corporate and personal borrowers. His expertise includes formal insolvency assignments across various sectors, including hotels, retirement care, retail, and construction. With deep knowledge of banking, Aiden is proficient in analysing security and guarantee implications of facilities, enabling him to offer comprehensive advice on structured property investments and distressed assets.
In the hospitality sector, Aiden has significant experience in asset management, including ongoing reviews and monitoring of hotel operations, negotiating and reviewing management and lease agreements, and overseeing the selection or replacement of operators for hotel projects. His insights have been invaluable during economic downturns, as demonstrated by his presentations to the lodging industry on cash flow management and banking issues, delivered on behalf of the Irish Tourist Board.
Aiden also spearheads the Ireland and Northern Ireland Annual Hotel Industry Survey, which he has produced for over 15 years. This report serves as the definitive benchmarking tool for the Irish hospitality sector, reflecting his deep understanding of market dynamics and operational trends.
With his extensive experience, analytical expertise, and industry leadership, Aiden is a trusted advisor to financial institutions and hospitality stakeholders navigating the complexities of restructuring, recovery, and asset management.
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Market Analysis to Support Buyer Due Diligence
Northern Ireland, United Kingdom
Sustainability Strategy for Hotel Group
Ireland
Commercial Due Diligence for Hotel Group Acquisition
Northern Ireland
Feasibility Study and Financing for Hybrid Hostel
Dublin, Ireland
Ireland and United Kingdom Market Entry Strategy
United Kingdom, Ireland
Strategic Advisory Services for Independent Hotel
Ireland
Feasibility Study for Proposed Large Conference Hotels
Dublin and Limerick, Ireland
Ireland Tourism Planning and Investment Strategy
Ireland
Expert insights
Cutting edge analysis.
Ireland Annual Hotel Industry Survey
Crowe Ireland is delighted to publish the 28th edition of the Ireland Annual Hotel Industry Survey. This year’s survey captures a full year trading for hotels unlike any of the three prior years which were impacted by the Covid-19 pandemic. The results continue to illustrate the remarkable recovery in the marketplace post-pandemic and while the impact of high cost inflation and the war in Ukraine have moderated, these are more than made up for by increased costs of doing business, especially payroll. The survey also collates hotelier sentiment on key matters which impacted their businesses during the year and their outlook on the strength of the recovery on revenues, costs and profit levels.
Ireland Annual Hotel Industry Survey 2022
Crowe/Horwath HTL Ireland recently released the 26th Annual Hotel Industry Survey – a survey of the Pandemic Era, 2020 and 2021. Across 2020 and 2021, the hotel sector in Ireland recorded a massive loss in revenue due to the Government restrictions imposed to curb the spread of COVID-19, including periods of business closure, travel restrictions and social distancing as well as the reduction in worldwide travel. Revenue fell by 65% in 2020 and 49% in 2021 against 2019 levels. The extremely low occupancy levels of 29.6% in 2020 and 39.5% in 2021, compared to 73.8% in 2019, further confirm the unprecedented impact that the pandemic had on business levels in comparison to a normal year of trading. The cumulative impact of supports from the Government was to convert the sector from loss-making to profitable at EBITDAR level. These supports included a reduction in VAT to 9%, payroll support schemes (TWSS and EWSS), the COVID Response Support Scheme (CRSS) and other grants and cost waivers. However, the levels of EBITDAR profits for 2020 and 2021 were still down 82% and 42% respectively on 2019 levels.compared to 2019, reflecting the unprecedented challenges faced by the industry.
Ireland: Hotel Market Trends & Analysis
The Irish hotel sector has faced significant challenges due to the COVID-19 pandemic, but with restrictions beginning to lift in June 2021, there is optimism for a robust recovery to pre-pandemic performance levels. In 2019, despite a VAT increase impacting revenues, Ireland’s hotel market was financially strong. Dublin remained a prime location for hotel development, maintaining high occupancy levels and adding new bedrooms.
Market Report: Ireland
The tourism industry in Ireland is valued at over €9bn supporting one in ten jobs in the country. The sector has seen significant growth over the last decade, with international visitor numbers alone increasing by over 30% (from the previous peak in 2007) to over 10 million visitors in 2018. Ireland is a leading tourist destination, enriched with history and culture and with continued improvements in infrastructure and access, the outlook for the hospitality sector remains positive. This report, written by Naoise Cosgrove of Horwath HTL Ireland, provides an insight into Ireland’s dynamic tourism and hospitality market.