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News Release

Dublin

Galway Announced As European Capital Of Culture 2020

A Major Boost For Hotel Investment In Galway According To JLL, Ireland


​15th July, Dublin,Today’s announcement that Galway will be one of Europe’s Capital of Culture 2020 is a major positive boost for future hotel trading performance and investment in Galway, according to JLL Ireland, Real Estate Consultants.


Galway, which currently offers 5,829 hotel guestrooms, is already one of Ireland’s strongest hotel operating markets, with a diverse leisure and corporate demand base, boosted by strong links with North American tour operators and corporates in the city.

Commenting on the announcement, Dan O’Connor, Senior Vice President within JLL’s Hotels & Hospitality Group stated:

“The announcement that Galway will now be one of Europe’s Capital of Culture 2020 has the potential to dramatically increase Galway tourism in the years to come. The vast majority of cities which have previously held this title have experienced strong increases in tourism inflows stretching back as far as Glasgow in 1990, which saw a +50% increase in tourists in its host year, to Cork in 2005 which saw a +38% increase, to Derry in 2010 which saw a +61% increase”

Dan O’Connor, SVP further noted:

“Where hotel performance is improving, hotel investment will inevitably follow. We expect that savvy hotel investors will seek to take advantage of the run to 2020, with additional hotels changing hands in the city and potentially new hotel openings and further hotel development commencing in Galway City, stimulated by the Galway 2020 announcement”.


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