The Future of Demand for Dublin Hotels
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The ratio of ‘total visitor nights’ in Dublin versus the ‘total number of bedrooms available’ shows that on a comparative basis Dublin has less hotel bed stock than the vast majority of European gateway cities. Dublin hotel occupancy averaged over 80% in 2023 and 2024 and the growing city events calendar will continue to mean multiple ‘compression nights’ per year.
- The ratio of ‘total visitor nights’ in Dublin versus the ‘total number of bedrooms available’ shows that on a comparative basis Dublin has less hotel bed stock than the vast majority of European gateway cities.
- Dublin hotel occupancy averaged over 80% in 2023 and 2024 and the growing city events calendar will continue to mean multiple ‘compression nights’ per year.
- The sector faces barriers to entry including planning restraints and construction cost increases, meaning over the long-term, demand is likely to continue to outweigh new supply.
- We believe that tourism will grow in its importance to the Dublin economy over the next decade as government policy focuses more on growing indigenous business
- The long-term growth in affordable international air travel will support demand, and we believe a resolution to the Dublin Airport passenger cap will be found soon
- This growth in occupational demand has translated into more investment, with investor focus on the ‘living’ sector growing throughout Europe
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