Cyril Curtet
BSc
Graduate Consultant, Dublin, Ireland
Cyril is a Consultant with Crowe / Horwath HTL Ireland, bringing international hospitality experience across West Africa and the Asia-Pacific region.
A recent graduate of EHL Hospitality Business School, Cyril joined Horwath HTL in July 2024. His prior work spans diverse projects, including strategic planning, property development, food and beverage concept design, and high-level financial feasibility studies.
Experience
Bold Steps Forward
We help clients achieve extraordinary outcomes
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.