By the end of 2023, there will be 24 new hotels opening in Dublin with 4,500 hotel rooms between them.
According to property advisors Savills Ireland, there will be 2,100 rooms completed by the end of 2021.
Some of the locations include the Hampton by Hilton Four Courts, Beckett Locke in the North Docklands next to the 3Arena, The Wren and Keavan’s Port Hotel.
This decision to increase hotel occupancy comes as the pre-Covid market for hotels was undersupplied which resulted in high room occupancy, according to the Director of Hotels and Leisure at Savills Ireland ‘Tom Barrett’.
He added that the significant undersupply of hotel rooms was damaging the city’s reputation and its ability to compete with other European destinations.
In regards to tourism; Barrett stated, “However, with local and inbound tourism expected to return to pre-pandemic levels in the next two to three years, Dublin’s increased supply of hotel rooms will provide value and choice, which will be good for Irish tourism.”
Hotel occupancy, which has so far been 20% for the year in Dublin, is expected to rise to 30% by the end of the year.