Figures
Irish Hotel Market 2024
On Track for a Record Year of Deals; Trading Performance Softer YTD But Set to Improve
May 31, 2024 10 Minute Read
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- In the year to date (YTD) to the end of May, a total of €600m worth of Irish hotels have transacted
- The level of spend in the sector in the opening months of the year has already exceeded the total amount of spend in 2023
- Considering ongoing sales processes, both on- and off-market, total volumes in 2024 could surpass €1bn, which will be a record for the market
- Following an exceptional year for hotel trading performance in 2023, operational performance dipped slightly in the opening months of the year