2024 Six Month Review at Trending
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Occupancy levels across the Trending network show a 3.1% growth on their 2019 levels. For the six months our hotels are showing 77.1% occupancy which is actually down on 2023 by 1%.
Overall Occupancy levels seem to have peaked in 2023 which was the first full covid free year since 2019.
Rates despite a significant vat change from 9% to 13.5% have still grown by 1.6% for the first 6 months of 2024 on the same period in 2023.
Rates are at 137.15 heading in to the peak months of July and August.
Except for one month in 2024 we have had monthly rate growth since April 2021.
RevPAR is now at 105.76. This is up 0.5% on 2023 but more significantly up 49% on 2019, just under a 10% annual revenue growth.
Trending covers more than 3m annual rooms in Ireland with a strong non-dublin based hotel data.
To get a more detailed report on the monthly performance of the hotel industry contact [email protected].