Discounts of up to 40% can now be found in Dublin hotels despite a decrease in available rooms, according to a new study from property advisor, Savills Ireland.
Over 3,000 hotel bedrooms in Dublin – 14% of total stock – are currently closed or in alternative use, such as for the provision of HSE accommodation. However, at the same time, Covid-19 restrictions have resulted in a dramatic reduction in business, resulting in hotel operators offering significant discounts in order to boost business.
Savills analysed year-on-year rates for a 1-night stay in the capital – including breakfast for two – across all hotels in Dublin and found that:
– The average daily rate is €250, with some availability under €200
– Last September/October, prices averaged over €400
– There are approx. 1,750 five-star rooms in Dublin and all 5-star hotels are open
– The average daily rate is €130, with an extensive choice for under €110
– Last September/October, prices averaged €200
– There are approx. 13,400 four-star bedrooms in Dublin. 1,600 of these rooms are in alternative use.
– The average daily rate is €110
– Last September prices averaged €150
– There are approx. 5,400 three-star bedrooms in Dublin. 800 of these rooms are in alternative use.
Tom Barrett, Director of Hotels & Leisure at Savills Ireland said “Hotel occupancy rates are at their lowest point in history, so it’s no surprise that there are amazing deals to be had. However, in the long-run, operating at this level is not commercially viable, therefore – assuming 2021 brings some level of normality back to the tourism and hospitality sector – prices will recover, but it could take a few years to return to pre-Covid room rates.”
There has been a lot of focus on supporting retailers by shopping local – and rightly so. But I think it’s also important that we support the hotel industry – the bedrock of tourism in Ireland – by staying local. Current restrictions have made it difficult to go out for a meal or a few drinks on a Saturday night, but if you shop around, it’s not too hard to find deals that offer dinner, bed & breakfast, for a very attractive price, compared to what you might have paid for a “normal” night out in Dublin, with a bar, restaurant, and taxis.”
|Savills Room Rate Analysis|