Hotels & Leisure Update: 2015 Overview

2015 was another busy year in the Irish hotel industry. New legislation introduced will have an indirect impact on the next phase of the hotel industry.

Key topics in 2015 included: 

The Planning and Development (Amendment) (No.2) Bill 2015

Public Health (Alcohol) Bill 2015

The Valuation (Amendment) Act 2015

2015 has shown the ever improving growth of the Irish hotel industry following on from the resurgence in 2014. The year-end occupancy rate in Dublin of approximately 85% coupled with Average Daily Rate ("ADR") and Revenue Per Available Room ("RevPAR") matching that of pre-recession early 2008 illustrates this.  

In terms of operating performance in Dublin:

• RevPAR growth by the end of 2015 reflected that of early 2008 pre-recession figures;