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.