Dublin hoteliers are concerned for the 2023 economic outlook as future bookings have seen a drop.
Despite an uplift in business during 2022 following Covid-19 restrictions, overall room occupancy rates are significantly down when compared to 2019. The average room occupancy in Dublin hotels was at 75 per cent for the first ten months of this year, down by nearly 10 per cent compared to the same period in 2019.
“Spiralling” business costs, reduced forward bookings, and a planned increase in the tourism VAT rate at the end of February 2023 are all piling pressure on the Irish tourist industry, according to the Irish Hotels Federation.
