Hotel market supply reaches new peak

Dublin Hotel Supply & Occupancy Rates (SA)

The supply of hotel rooms to the Dublin market reached a new peak in April 2023. An index reading of 130.3 (SA) represents YoY growth in supply of 7.2%, and an expansion of over 30% from the 2013 baseline. Such strengthening supply will be important for the Dublin market over the coming summer season, especially as demand for rooms remains high and migrants continue to be accommodated in hotels in the Capital. Occupancy rates also remained elevated at approximately 83% (SA) in each of the first four months of the year, while Average Daily Rates for a room increased MoM to over €180 (SA) in April.