Profile Of Irish Hotels 2015

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Profile Of Irish Hotels 2015
Profile of Irish Hotel Stock, 2015
Irish Hotel Sector
There are currently 862 hotels standing in Ireland, of which 821 are open and trading, with
approximately 57,300 available rooms. In terms of the star ratings profile of trading hotels in Ireland,
37 hotels are 5 star which represents 4% of the total stock of trading hotels, 77% are either 3 or 4
star, while the remaining 19% are 2 and 1 star rated.
Figure 1
Table 1
Irish Hotels by Star Rating, 2015
Volume of Hotels and Hotel Rooms, 2015
No. of
Hotels
Volume
of Hotel
Rooms
% of Total
Hotel Room
Capacity
Dublin
155
18,919
33.0%
South West
155
9,815
17.1%
West
132
6,934
12.1%
East & Midlands
106
6,264
10.9%
North West
98
5,285
9.2%
Shannon Region
81
5,100
8.9%
South East
94
5,003
8.7%
State
821
57,320
100%
Tourism Border
Region
Source: DTZ Sherry FitzGerald Research
Source: DTZ Sherry FitzGerald Research
Dublin
Dublin boasts the largest stock of hotels in Ireland with 155
hotels and approximately 18,900 rooms. This represents a
third of the overall room capacity in Ireland and is almost
double that of the next ranked region, the South West. In
terms of hotel size as reflected by the number of rooms, nine
out of the ten largest hotels in Ireland are located in Dublin,
with the Citywest Hotel & Golf Resort in Saggart upholding its
status as the largest, boasting 774 rooms. Of the 37 hotels in
Ireland that are 5 star, 11 of them are in Dublin, while Dublin
has 50 hotels registered as 4 star.
South West
The South West, consisting of Cork and Kerry, is the region
which attracts the most tourists every year. That said, while
traditionally it largely surpassed all other regions in terms
of visitor numbers, the past four years have seen the gap
between the South West and Dublin narrowing significantly.
Not surprisingly, while it has the second largest proportion of
hotel rooms available, approximately 9,800, the South West
is on par with Dublin in terms of the number of hotels, and it
has the largest number of 4 and 5 star hotels combined in the
country. Furthermore, the stock of hotel rooms in the South
West represents 17.1% of the total stock of hotel rooms in
Ireland.
Profile of Irish Hotel Stock, 2015
Table 2
Top 5 Counties for Hotels, 2015
County
No. of
Hotels
Volume
of Hotel
Rooms
% of Total
Hotel Room
Capacity
No. of 4*
and 5*
Hotels
Dublin
155
18,919
33.0%
61
Kerry
76
5,239
9.1%
37
Cork
79
4,576
8.0%
32
Galway
79
4,442
7.7%
27
Donegal
54
2,873
5.0%
15
Source: DTZ Sherry FitzGerald Research
Irish Hotel Sector
West
Shannon Region
The west of Ireland holds the third spot in Ireland in terms of
room capacity with approximately 6,950 rooms available across
132 hotels and represents 12.1% of the stock of hotel rooms. This
is particularly driven by Galway, which is ranked 4th in Ireland for
hotel rooms with approximately 4,450 rooms across 79 trading
hotels. Interestingly, of the top 20 hotels in Ireland in terms of
room size, two of them are located in Galway, while the remaining
18 are located in Dublin.
The Shannon Region, despite its position as having a high
number of tourist attractions and includes one of the four
regional centres, Limerick, it has the second lowest proportion
of hotel room capacity, 8.9%, while it has the lowest number of
hotels at 81 comprising 5,100 rooms. That said, despite having
the lowest quantity of 3 and 4 star hotels, it has four 5 star
hotels. It is also noteworthy that 48% of all hotel rooms in the
Shannon region are located in Co. Clare, while a further 42% are
located in Limerick.
East & Midlands
The East & Midlands region currently holds approximately 6,250
hotel rooms across 106 hotels and represents 10.9% of the total
hotel room capacity. This comprises five hotels rated 5 star,
38 which are 4 star and 45 hotels that are 3 star rated. That
said, the East & Midlands region has the county with the lowest
number of hotel rooms available, Longford, which holds 63 rooms
in just two hotels.
North West
Approximately 5,300 available hotel rooms were recorded in the
North West region in 2015 across 98 hotels. This comprises just
one 5 star hotel, namely Lough Eske Castle in Donegal, while the
vast majority are 2, 3 and 4 star rated. Notably, Donegal is the
5th largest county in Ireland for hotel rooms, with 5% of the total
stock while it accounts for 54% of all hotel rooms available in the
North West.
Figure 2
5 Star Hotels by County, 2015
Source: DTZ Sherry FitzGerald Research
Profile of Irish Hotel Stock, 2015
South East
The South East region, remaining unchanged from the same
time last year, has the lowest room capacity in Ireland with
approximately 5,000 rooms in 94 hotels. This comprises three 5
star hotels, while 72 hotels are 4 and 3 star.
The vacancy rate in Ireland, which is the number of rooms
unavailable for occupation as a percentage of the total stock of
hotel rooms, is 2.7%, equating to approximately 1,600 rooms.
A regional analysis reveals that the largest vacancy rate is in
the North West, 3.7%, while Dublin holds the largest number of
rooms not trading, 421, bringing the vacancy rate in Dublin to
2.2%.
AUTHORS
Marian Finnegan
Chief Economist, Director
Research
+353 (0) 1 237 6341
[email protected]
Deirdre O’Reilly
Researcher
+353 (0) 1 237 6365
[email protected]
Kirsty Rothwell
Head of Hotel Solutions, Director
+353 (0) 1 639 9386
[email protected]
About DTZ Sherry FitzGerald
DTZ Sherry FitzGerald is the sole Irish affiliate of DTZ, a global leader
in property services. With Irish offices in Dublin, Cork, Galway, Limerick
and an associated office in Belfast, we are the largest commercial
property advisory network in Ireland and are part of Sherry FitzGerald
Group, Ireland’s largest real estate adviser.
We provide occupiers and investors around the world with
best-in-class, end-to-end property solutions comprised of leasing
agency and brokerage, integrated property management, capital
markets, investment, asset management and valuation.
www.dtz.ie
© 2015
This report should not be relied upon as a basis for entering transactions without seeking specific,
qualified, professional advice. It is intended as a general guide only. This report has been prepared on
the basis of publicly available information, internally developed data and other sources believed to be
reliable. While reasonable care has been taken in the preparation of the report, neither Sherry FitzGerald
nor any of directors, employees or affiliates guarantees the accuracy or completeness of the information
contained in the report. Any opinion expressed (including estimates and forecasts) may be subject to
change without notice. No warranty or representation, express or implied, is or will be provided by Sherry
FitzGerald, its directors, employees or affiliates, all of whom expressly disclaim any and all liability for
the contents of, or omissions from, this document, the information or opinions on which it is based.
Information contained in this report should not, in whole or part, be published, reproduced or referred to
without prior approval. Any such reproduction should be credited to DTZ Sherry FitzGerald.

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