According to travel research firm STR, the occupancy rate for the handful of hotels that were open in the Republic of Ireland in April was 12.6%.
STR data has revealed that the hotel occupancy rate in Dublin decreased 85% last month from the figure for April of 2019 to 16.2% due to the COVID-19 crisis while occupancy in regional Ireland decreased by 80%, as reported by The Irish Times.
RevPAR
Meanwhile, revenue per available room (RevPAR) declined 90% in Dublin last month from the figure for April of last year to €11.54, and the average daily room rate in the capital dropped over 30% from the figure for April of 2019 to €91.83. In regional Ireland, RevPAR decreased 86% last month from April of 2019 to €13.47 while the average daily room rate declined 31% to €83.28.
“An Exceptionally Difficult Period”
The Irish Times quotes Goodbody Stockbrokers as saying, “April was always going to be an exceptionally difficult period for Irish hotels given that they are only allowed to accept bookings for essential workers and the majority of hotels are closed.”
View the original article by Dave Simpson on Hospitality Ireland.
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