A surge in demand for hotel rooms in Dublin and Dublin’s main city is driving up hotel vacancy rates and leaving owners scrambling to make ends meet.
Key points:Dublin is the second biggest city in Ireland for hotel accommodation in the past yearDublin City Council said it has raised the capital city’s vacancy rate to 8.6% from 6.8%Dublin hotels, in particular, are finding it difficult to keep up with demandThe rate of occupancy at some hotels has doubled in the last three yearsDublin city council said the surge in hotel room demand is driving the occupancy rates of some of its hotels to double.
The council said it is now increasing its occupancy rate for hotels by two percentage points to 8%.
The increase will take effect from April 1, 2018.
Council estimates that about 6,400 hotel rooms will be vacant in Dublin over the next two years.
Dublin has the second largest hotel occupancy rate in the country after Dublin city centre.
The Dublin City Council’s vacancy figure for the year to March was 8.9%.
Dublin was the biggest city to fall short of its occupancy target.
Dublin’s rate was 8% in 2016 and 8.4% in 2017.
Dubois city centre has the highest vacancy rate in Dublin at 8.7%.
The number of hotel rooms available for occupancy fell in Dublin last year to the lowest level since February 2015.
The vacancy rate fell in other parts of the city, particularly in the north, east and west.
Dubbo was the second city to see a drop in hotel occupancy, with the number of hotels available for the month at a level lower than Dublin City Centre (DC) last year.
The number for the whole city was 6,621.
Dublians are spending less on the most expensive items in their daily lives, according to the National Consumer Expenditure Survey (NCES).
In the latest NCES, a study conducted by the National Council for the Welfare of Persons with Disabilities, it was found that the average household expenditure per person per week was €5,700, a 7.4 per cent increase on last year, with an average household spending per week of €6,500.
The NCES survey found that about 61.5 per cent of the population was living below the poverty line, up from 55.4 percent in 2016.
The study found that people with disabilities made up 19.7 per cent in 2016, up by 5.3 percentage points from last year and 18.4 percentage points in 2017, with people aged over 65 making up the next highest percentage at 10.9 per cent.