Report predicts Dublin accommodation crisis will ease after 2019

  • Dublin accommodation crisis will ease after 2019
  • Shortfall of 1,700 bedrooms in 2016 and 2,800 in 2017
  • Airbnb contribution is just 780 beds

A report on tourist accommodation to Dublin carried by Fitzpatrick Associates on behalf of Fáilte Ireland (see here) has estimated of the contribution of Airbnb to the city’s bedstock for the very first time..

The repors says Airbnb’s inventory is equivalent to 780 hotel bedrooms available year-round in 2015.

Ther report concludes that Dublin faces an accommodation “capacity challenge” over the next two years.

Fitzpatrick predict a shortfall of 1,700 bedrooms in 2016 and 2,800 in 2017, in a series of logarithms that chart potential demand using four scenarios varying tourism growth between 2.2pc (shortfall of 1,700) and 6.8pc per annum (shortfall of 4,000).

Dublin had 148 hotels in 2015 with 18,531 bedrooms providing 41,816 bedspaces.

There are currently plans for just 5,550 new hotel rooms, 3,796 rooms in new hotels and 1,749 in extensions to existing hotels, many of which will not be available until after 2018.

Of ttotal new hotel bedroom capacity, 66 rooms will be in 5 Star hotels, 3,163 rooms in 4 Star hotels; and 2,316 rooms in 3 Star hotels.

Fitzpatrick say, of the 80 hotel projects identified, 15 are considered unlikely to be completed.

In addition, hotels mooted at the Guinness Storehouse and at the Digital Hub may be added to this mix over the next few months as plans for them take shape but they are not included at all in the current dataset nor has any assumptions been made about the future of the existing Tara Hotel.

Dalata Hotels the group which manages Maldron and Clayton brands announced approval for two new-build projects in Dublin city centre and is targeting three more sites.

Among the most significant new hotels in the planning pipeline identified by the report are:

  • a facility at Dublin Airport (Terminal 2) with up to 400 bedrooms;
  • a hotel at the Convention Centre with approximately 300 bedrooms;
  • a hotel at the Coombe with 260 bedrooms;
  • projects of a scale close to 200 bedrooms at Bow Lane, Charlemont St, O’Connell St, Mill St, and Spencer Dock.

Among the more significant hotel extensions in prospect are:

  • 200 new bedrooms at the Clayton Hotel at Dublin Airport;
  • 142 new bedrooms at the Gresham Hotel on O’Connell St;
  • 146 new bedrooms at the Radisson Blu at Dublin Airport;
  • 140 new bedrooms at the Red Cow Hotel;
  • 112 new bedrooms at the Hilton Charlemont;
  • 85 new bedrooms at Jury’s Custom House;
  • 80 new bedrooms at the North Star Hotel on Amiens St;
  • 75 new bedrooms at the Camden Court Hotel on Camden Street.

Minister of State for Tourism and Sport, Patrick O’Donovan said since seven out of ten visitors to Ireland will stay in Dublin at some stage in their trip, whether it is their sole destination or a gateway to the rest of the country, the issues outlined in this report have a national impact.”

“It is vitally important that we keep the focus on value and competitiveness.

Transport Minister Shane Ross recently approved of Fáilte Ireland’s revised hotel regulations plan and it is due to come into force later this.

The Daprtment of Tourism say the changes should allow hotel operators provide more rooms and operate at a lower cost base, therefore improving hotel capacity, competitiveness, and profitability.”

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