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Dublin needs 3,000 hotel rooms.

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​JLL Hotels & Hospitality Group Market Insight Report

The existing supply of Dublin City Centre hotel rooms has fallen significantly short of prevailing demand, as latest figures show the capital city is continuing to grow in popularity as a year round international business and tourism destination of choice.

Dublin City is currently serviced by c. 19,000 hotel rooms. Less than 300 additional rooms are predicted to come online by December 2016; industry figures indicate that this is a serious shortfall:

  • In year to date 2015, Dublin City Centre hotel occupancy levels have risen by +4.6% to 84.2%;

  • The average cost of a hotel room in Dublin City Centre is currently €127, up 17.2% on 2014 levels;

  • The industry's key market metric, RevPAR (Revenue Per Available Room), has grown by +22.6% in the year to date 2015, one of the highest levels of RevPAR growth in Europe.

Hotel development has been minimal since the recession with only three significant new additions/c.500 rooms opening in Dublin City this decade (252 rooms at The Gibson in 2010, 187 rooms at The Marker in 2013 and 52 rooms at The Dean in 2015).

The figures point clearly to the urgency of the situation – there is a steadily growing demand for Dublin hotel rooms and already an undersupply of rooms leading to an increase in room rates in the capital.

This combination of lack of supply and rising prices could have a significant effect on Dublin's competitiveness as a year-round business and tourism destination.