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Hospitality May 2017

Published: Jun 08, 2017
  • Official figures from the Central Statistics Office show 33m people passed through Irish airports in 2016.  Dublin Airport accounted for 84.6% of passengers which saw 204,563 flights.  Cork saw 19,908 flights which is 8% of total airport numbers. 
  • Ryanair increased the amount of passengers it carried in April 2017 vs April 2016 by 14%.  Easter counted towards the increase, with the load factor now at 96%.
  • It is expected that a direct flight from China to Ireland is on the horizon soon which will provide a boost to the 50,000 visitors annually received from China.  It is unknown where the flight will originate from but it is expected to be either Beijing or Shanghai. 
  • Failte Ireland have reported that business travel from overseas markets was worth €700m in 2016.  The sector has grown by 7% since 2015.
  • The ADR for a Dublin hotel grew 15% in 2016 and the growth is expected to be continued for the next 2 years.  Occupancy levels in the city are top of European tables, with 82.5% occupancy and London at 81.3%.  Failte Ireland believe that 65 hotel projects are due to open by 2020 which could see 5,500 additional bedrooms in the country.
  • 74% of all transaction activity in the Irish Hotel Market during 2016 took place in Dublin.  2016 saw total turnover reach €720m with Q4 seeing 60% of the total spend.  Domestic buyers remain strong accounting for 66% of the volume of sales.  Value-wise, foreign buyers outweighed domestic buyers.  


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