When we look at the last 10 years of the Irish Hotel industry on Trending, we can see what has to be described as an incredible growth period despite the whole industry been shut down with covid for a period.
- If I compare 2014 to 2024 for the same 6 month period we had only a 11% of hotels on Trending with an ARR over 100 euro this percentage was 96% in 2024.
- At RevPAR only 7% of hotels broke 80 euro RevPAR. This now sits at 91% of hotels in 2024.
- Occupancy for the 6 months to June 2014 was 67.3% and is now sits at 77.1% which is a growth of 10%.
- ARR was 67.90 in 2014 and is now 137.15 for the 6 months to June 2024, which is a growth of 102%.
- Overall this means there has been a growth of 132% in RevPAR over a decade.
- Was this decade the maturing of the Irish Hotel Industry to takes its place within the global stage.
- ?What can the next decade bring?
Great to see the progress I think it would be interesting to map RevPar growth alongside side, growth in GDP, inflation, unemployment, & maybe changes in key exchange rates. These and other macro economic indicators would made for an interesting analysis. As part of our 2025 forecasting methodology we are now mapping consumer sentiment. Keep up the great work and the ad hoc surveys & reports are always interesting & welcome JS