Ireland Hotel, Tourism & Leisure Market Update – Sept 2022
By Mairea Doyle-Balfe on September 6, 2022
The September edition of the Horwath HTL Ireland Hotel, Tourism & Leisure Market Update is released.
Ireland Hotel Performance
The Irish hotel market has rebounded from COVID-19 at a faster pace than anticipated. This is due to a full lifting of restrictions, pent-up demand and so-called ‘revenge’ travel. This is a trend also witnessed across other European countries.
Occupancy YTD July was 73.6%. This is 8.6 percentage points below the same period in 2019. This decline is due to a lower occupancy at the beginning of the year as COVID-19 restrictions continued into early 2022, but occupancy rebounded to 2019 levels in April.
ADR has increased 12% on 2019 levels to €155.57 YTD July 2022. ADR has exceeded 2019 levels since February. ADR for May and June was €176.45 and €197.96 respectively, rates that have not been seen in Dublin before.