Hotel occupancy broadly stable in early 2023

Dublin Hotel Supply & Occupancy Rates (SA)

Occupancy rates at Dublin hotels remained broadly stable across Christmas and into the New Year. Over 81% of rooms (SA) were occupied in the Capital in January, in line with pre-pandemic norms and likely influenced by the accommodation of refugees and asylum seekers. This represented a modest decline of 2 percentage points (pp) MoM, but a 27.7pp increase from January 2022 - the last month in which most Covid-19 restrictions applied. Average Daily Rates for rooms in Dublin also remained steady in January at €175 (SA). This was above medium-term averages but below the September 2022 peak of €196.