Irish Hotel Survey

Wed, 06 Aug 2008 11:44:59 +0000

The Irish hotel industry’s survey indicates that even if the occupancy levels of Dublin hotels increased by 10 percent compared to other regions in the country, their profit levels actually decreased by 8.2 percent. This matter is mostly due to the discounts that hotels offer for their room rates.

Hotel experts express concern that the third and fourth quarters of 2008 would further bring more discounts for hotel patrons, one move which will keep the Dublin hotels’ profitability at a low level.

A chartered accountancy firm called Horwath Bastow Charleton advises that hoteliers should keep in mind the rising prices in the market if they are to guard the future profitability of Dublin hotels. The practice also recommends that hotels should hold their financials in a tight fist.

Since both the remainder of the year and 2009 would bring more challenges to the industry, smart financial decisions would dictate the profitability of hotels.

Dublin Ireland Hotels

Fri, 27 Jun 2008 13:43:34 +0000

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